Anything can be used as money... Well... almost. In this video we explain the 4 key functions of money: it must be a medium of exchange, serve as a unit of account, serve as a store of value, and offer a standard of deferred payment. Knowledge of these concepts is very important in an introductory macroeconomics or business class, so be sure to refer back to this video and others if you need a refresher!
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~The THINK ECON Team
20 окт 2024
