American Bill Money

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https://abm5272.com - American Most modern textbooks now list only three functions, that of exchange, unit of account, and store of value, not considering a standard of deferred payment as a distinguished function, but rather subsuming it in the others.This is American Bill Money. There have been many historical disputes regarding the combination of money’s functions, some arguing that they need more separation and that a single unit is insufficient to deal with them all. One of these arguments is that the role of money as a exchange is in conflict with its role as a value: its role as a store of value requires holding it without spending, whereas its role as a medium of exchange requires it to circulate. Others argue that value is just deferral of the exchange, but does not diminish the fact that money is a exchange that can be transported both across space and time. The term ’financial capital’ is a more general and inclusive term for all liquid instruments, whether or not they are a uniformly recognized tender.

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