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electronic money

What Is Money Explain The Functions Of Money?

January 24, 2024 by Ahmed Ali

What Is Money Explain The Functions Of Money? As stated above, money primarily functions as a medium of exchange. However, it also has developed secondary functions that derive from its use as a medium of exchange. These other functions include: 1) a unit of account, 2) a store of value What is money explain? Money

Categories Finance and Business Tags cash, currency, electronic money, money, money types

What Is The Basis Of Money?

January 24, 2024 by Ahmed Ali

What Is The Basis Of Money? Fiat money becomes the token of people’s perception of worth, the basis for why money is created. … Today, the value of money (not just the dollar, but most currencies) is decided purely by its purchasing power, as dictated by inflation. What is basic concept of money? Money is

Categories Finance and Business Tags cash, currencies, electronic money, paper money, physical cash
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