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Functions of money or What is money
Functions of money
Chapter 18 Clip 1 Functions of Money
In this movie clip, I discuss the 3 major functions of money, which are: Medium of Exchange, Store of Value, and Unit of Account. I also discuss why it isn’t a good idea to have a barter economy (an economy where there is no money). Moreover, I discuss the dangers of hyperinflation (where most prices in a country are rising at a very rapid rate).
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