Fiat Money Definition Characteristics And 3 Examples
It has the advantage of being able to store value easily, being easier to keep and move around than equivalent values of gold or other resources. Despite the numerous limitations, the barter system works well when currency is unstable or unavailable for conducting commerce. Well, it seems “udderly” clear at this point that—based on the characteristics of money—U.S.
This new type of money is what makes up the non-M0 components in the M1-M3 statistics. From that point forward, currenc […]