Money and mortgage, Microeconomics

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Money: Broadly speaking, money is anything which can be used as a means of payment (for instance, to settle a debt). It includes bank deposits, actual currency, credit cards and lines of credit and various modern electronic means of payment.

Mortgage:It is a special kind of credit, generally longer-term in duration, used to finance construction or purchase of property or a long-lasting structure (like a home or building).


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