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3. Does not have proper measure for the goods being exchanged.
2. Metallic Money
3. Representative Money
4. Paper Money
Standard Value. This is being performed when all articles or services are
given a value in terms of a certain number of units of one particular type of goods.
Circulating Media
All matters related to the issuance, value, conversion and control in
the use of paper bills or metallic coins are
Cmrmiranda spelled Presentation
PowerPoint out by the law
November2011 Macro Economics
Monetary Reserves
Important in controlling credits. The security of the depositors
and as an instrument of control by the government in cases of economic instability
due to too much credit or to an imbalance in foreign payments.
Bimetallism. Based on two metals which are standard money at a fixed value in terms
of one another.
*Flat Standard because the money circulation assumes its value by decree of the
government.
*Money Paper Standard because the government supervises the circulation of the
money to the public.