The average person thinks of the currency in her wallet or funds in her account when she
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The average person thinks of the currency in her wallet or funds in her account when she thinks of the word “money,” but economists think about the concept of money in a much broader sense. What are the key features something needs to possess to be considered money, and what are some examples of things that have been used as money historically? Bitcoin and other cybercurrencies are frequently in the news now; do you think they should be considered money? Why or why not?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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