Wray, 1993)
From this short introduction it has to be clear that money is defined by its functions, i.e. we call something money if it is a • medium of exchange, • standard of deferred payments, • store of value, • measure of value.
Wray, 1993)
From this short introduction it has to be clear that money is defined by its functions, i.e. we call something money if it is a • medium of exchange, • standard of deferred payments, • store of value, • measure of value.
