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Borrowing and spending with the aim of achieving

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Tanzania is a low-income country with relatively high import tariffs. Between 2012 and 2015, Tanzania experienced a high economic growth rate. This allowed the government to provide more public goods. The government also increased its investment in the merit goods of education and healthcare. Tanzania's central bank influenced household borrowing and spending with the aim of achieving price stability. As a result, the country's inflation rate fell, with money losing less its value.

Identify two characteristics of money. Explain

Reference no: EM131819424

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