Learn about the definition of money, the role of money in the economy, the four main functions of money, and the properties that help money perform its roles. Updated: 11/21/2023 Table of Contents What is money? What are the Functions of Money? Properties of Money that Enable it to ...
medium of exchange, measure of value, store of value, standard of deferred payments in definitive terms 交换媒介、价值尺度、价值贮藏、用特定单位表示支付手段(递延支付标准) 1.Anything which performs the functions of money is money. 任何有货币功能的商品就是货币。 function n. action for which one ...
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of
Money can be and has been defined in many ways. For statistical purposes the stock of money is often defined in terms of certain clearly distinguishable, but analytically arbitrary,1 institutional dividing lines. Since the dividing line between monetary and non-monetary assets is, perhaps, ...
Money canserve as a medium of exchange, unit of account and store of value. During periods of high inflation the price level is rising at a rapid pace. The functions of money are challenged during these periods. 如果一个人选择...
1英语翻译Money can also be defined in terms of the functions it performs .As a medium of exchange it frees us from the need to barter,but at times,because of the loss of confidence in the continued acceptability of money in exchange for goods and services,there has been a 'flight' from...
the most common medium of exchange; functions as legal tender "we tried to collect the money he owed us" wealth reckoned in terms of money "all his money is in real estate" the official currency issued by a government or national bank ...
英语翻译Money can also be defined in terms of the functions it performs .As a medium of exchange it frees us from the need to barter,but at times,because of the loss of confidence in the continued acceptability of money in exchange for goods and
Money primarily functions as the good people use for exchanges of items of value. However, it also has secondary functions that derive from its use as a medium of exchange. Money As a Unit of Account Due to money's use as a medium of exchange for buying and selling and as a value ind...
COMMODITIESANDMONEY121andontheotherhandisasconstantlybeingthrownoutagainbybeingchangedintotokens.35Theweightofmetalinthesilverandcoppertokensisarbitrarilyfixedbylaw.Whenincurrency,theywearawayevenmorerapidlythangoldcoins.Hencetheirfunctionsaretotallyindependentoftheirweight,andconsequentlyofallvalue.Thefunctionofgoldasco...