a medium of exchange is any item that is widely acceptable in exchange for goods and services. In modern economies, the most commonly used medium of exchange...
16 KB (2,734 words) - 12:44, 21 September 2024
Money (redirect from Concept of money)
repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a...
57 KB (7,044 words) - 03:51, 29 August 2024
Near money (section Medium of exchange)
is often defined in terms of the three functions or services: as a medium of exchange, as a store of value and as a unit of account. Money's most important...
4 KB (608 words) - 21:11, 15 June 2024
Fiat money (section Loss of backing)
because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value. They trust that it will...
41 KB (4,781 words) - 14:53, 25 September 2024
Barter (redirect from Barter exchange)
of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange...
35 KB (4,363 words) - 09:48, 13 September 2024
barter, other kinds of in-kind transactions also suffer from the coincidence of wants problem in the absence of a medium of exchange. Romance, for example...
4 KB (563 words) - 03:47, 30 May 2024
Currency (redirect from Coin of the realm)
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition...
38 KB (4,577 words) - 18:36, 19 September 2024
Cryptocurrency Cryptography Digital gold currency List of bitcoin companies Foreign exchange market Medium of exchange "Substantiation – Money laundering in digital...
31 KB (2,728 words) - 02:22, 4 September 2024
list only three functions, that of medium of exchange, unit of account, and store of value, not considering a standard of deferred payment as a distinguished...
224 KB (24,872 words) - 01:01, 13 September 2024
authorities. Originally designed as a medium of exchange, Bitcoin is now primarily regarded as a store of value. The history of bitcoin started with its invention...
152 KB (13,176 words) - 09:07, 28 September 2024