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Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.

Define money and the money supply; describe the process of money creation by the banking system and the role of the central bank.

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Money is a medium of exchange in terms of coins or note and it is used to facilitate the exchange of goods and services or... View the full answer

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Define money Money is any thing or evident record that is by and large acknowledged as installment for merchandise and... View the full answer

Money As defined by the government, money is the medium of exchange which circulates in the economy. It is a legal tender... View the full answer

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