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Conduct all the transactions of a normal day

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Would you keep some stocks of items that you know lots of people are willing to accept? Would you really be bartering, or would you be using a commodity as money?

How much longer would it take you to conduct all the transactions of a normal day?

Now think about the money your own holdings of money today. Of the money you are holding, which items are part of M1 and which are part of M2? Are all of the items in M2 means of payment?

Reference no: EM132482454

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