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Dissolving Dollars$$

Dissolving Dollars$$ - DissolvingDollars by:AlexMarchand...

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Click to edit Master subtitle style  3/21/10 Dissolving Dollars  by: Alex Marchand By: Davin Patel
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 3/21/10 Introduction This chapter in an introduction which talks about the  monetary system how it became what it is today, and  how the money supply is composed of debt then comes  interest. It also states how the economy and money  supply would need to grow faster to meet the needs of  the debt and interest, but if it did not then the economy  would be destroyed leading to a recession. 
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 3/21/10 Chapter 1 what is money Money – anything that is generally accepted  for the payment of goods and services and  repayment of debt Commodity Money- money that can be  used for trade, but has it’s own intrinsic  value as a commodity
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 3/21/10 Chp 1 Cont’d Credit Money- basically an IOU, or  promissory note. Credit money is based  on future payment. Element of risk  because payment may not be paid. Fiat Money- value is determined by legal  means, anything the govt. says is money. 
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 3/21/10 Chapter 2 Rise of Central Banking
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