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A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
Functions of Money - The Economic Lowdown Podcast Series, Episode 9
On this episode we explore what goes into creating the CPI.
What is the real value of a dollar?
You think that a dollar bill is money and that banks are where your cash is stored and safeguarded. Well, you’re wrong. Like, really wrong.
What do banks do with our deposits?
You think that banks are where your cash is stored and safeguard and that a dollar bill is money. Well, you’re wrong. Like, really wrong.
Five reporters stumbled on what seems like a basic question: What is money? The unsettling answer they found: Money is fiction.
In this video, we show how the price system allows for people with dispersed knowledge and information about rose production to coordinate global economic activity.