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Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio.
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4 Properties To fulfill its various functions, money must have certain properties: 27 Fungibility : its individual units must be capable of mutual substitution (i.e., interchangeability).Its shocking how quick this can pop his knee.Acequia Ave., Visalia, CA 93292.And you'll be left with their crumbs."Finally - The World's Most Powerful Method.Standard of deferred payment Main article: Standard of deferred payment While standard of deferred payment is distinguished by some texts, 5 particularly older ones, other texts subsume this under other functions.But can save your hide when you really need.Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.May be different in different countries." money : The New Palgrave Dictionary of Economics".Money : Understanding and Creating Alternatives to Legal Tender, White River Junction, Vt: Chelsea Green Publishing (2001).
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