economics Money, the Federal Reserve System, and Banking You contract procedured property to measure the price, the size of business, total output in the economy, and income. Coins and tidings piece of music gold are called currentness. People use currency daily. When you go to a movie, you probably buy a ticket with currency. Coins and paper bills work well for littler purchases and when payment is make directly from one person to another. But, for swelled purchases or when payments travels to mail, currency is not practical. A check is a written social club to pay currency from amounts deposited.
Therefore, deposits in checking accounts, credit union constituent draft accounts, and other alike(p) accounts are considered money. Remember that the some important function of money is as a mediocre of exchange. Therefore, one reason we penury money is to make exchanges. We bottomland trade our labor for money and then trade the money for what we want to buy. This means that we have a transaction demand for money. ...If you want to get a full essay, order it on our website:
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