Consider a fruit-growing tropical island economy without money. Under what circumstances would you recommend the issue of

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Consider a fruit-growing tropical island economy without money. Under what circumstances would you recommend the issue of a paper currency by the government of the island? What advantages might this strategy have over the use of oranges as money?

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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