What is money? Why do people hold money even though it pays a lower return than other

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What is money? Why do people hold money even though it pays a lower return than other financial assets?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:37 AM

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What is money? Why do people hold money even though it pays a lower return than other

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Money refers to any asset that can be used in making purchases for example ...View the full answer

Principles of Economics

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