Lesson 2 - -Medium of Exchange-Store of Value-Unit of...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Lesson 2 – What is Money? (Chapter 3) Barter Economy - Work for work - Goods for goods - Goods for work - Work for goods What is Money? Money can be defined by its functions:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Medium of Exchange-Store of Value-Unit of Account-Standard of Deferred Payment...
View Full Document

This note was uploaded on 01/29/2012 for the course ECON 301 taught by Professor Hassan during the Spring '08 term at Rutgers.

Ask a homework question - tutors are online