Demand deposit and stock of money

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Reference no: EM1311438

1. What distinguishes money from other assets in the economy?

2. What are demand deposits, and why should they be included in the stock of money?

3. If there was no item in the economy widely accepted in return for goods and services, how would transactions be carried out in this economy? How efficient would such a system be?

Reference no: EM1311438

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