Uncategorized
Prepared By: Ella Luo Course: FINC 5090 - Finance in the Global Economy Part 2: Money 1. Role of Money Money is broadly use
Prepared By: Ella Luo Course: FINC 5090 - Finance in the Global Economy Part 2: Money 1. Role of Money * Money is broadly used for buying or selling goods and services. * A pure barter system is inconvenient. Conditions for Money as a Least-Cost Medium of Exchange: 1. It must be