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What is Money in General? PDF Download

Learn Money definition in general with explanation to study “What is Money”. Study money explanation with general terms to review general course for online degree programs.

Money Definition

  • Recognition in terms of resources possessed by someone.

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Money Explanation

Money is recognition of feature, is generally received in the form of payment for goods and services, coins and currency altogether. Commodity money related to resources whose worth shows the value of money; gold coin exemplify it in a real sense. Generally speaking, the four types are considerably more applicable for describing money or commodity money; flat money, fiduciary money, and money gained by commercial bank, all of these medium intuitively enhance the value and perform as a good source while flat money has concerned with a government order.

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