Secondary functions of money

Secondary functions of money

ByHomework Help Classof1

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In addition to its two primary functions of serving as a medium of exchange and as a common measure of value, money performs the secondary, derivative or subsidiary functions of serving as a standard of deferred payments, a store of value and transfer of value.

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Publication Date
May 2, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
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By (author): Homework Help Classof1

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PDF

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