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medium of exchange

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Commodity, currency, or a financial instrument used in commercial transactions between buyers and sellers as a measure and standard of value. A distinguishing characteristic of money is its ability to be used as a medium of exchange.
  • amount outstand...

  • hyperinflation

  • functions of mo...

  • inflationary sp...

  • near money

  • monetary unit o...

  • currency crisis

  • monetary measur...

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