monetary policy unit 5
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Last updated 4:31 PM on 4/3/26
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54 Terms
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currency
the paper bills and coins used to buy g/s
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Money
is any generally accepted means of payment
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medium of exchange
is what people trade for g/s
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barter
involves the trade of g/s in the absence of a commodity accepted medium of exchange
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double coincidence of wants
occurs when each party in an exchange transaction happens to leave what the other party desires
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