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What is a store of value what types of assets act as a store

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What is a store of value? What types of assets act as a store of value?

What is a medium of exchange? Why must money act as a medium of exchange?

What is a standard of deferred payment, and why is it important?

What is a unit of account, and why is it important?

What is the difference between commodity money and fiat money?

List the components of M1 and M2.

Reference no: EM13321714

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