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The top documents tagged [specie money]
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AP Economics. Barter Economy-moneyless economy that relies on trade or barter Problems- products some people offer are not always acceptable or easy to
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CHAPTER 11 Money and Banking. Section 1: The Evolution of Money Main Idea: money is any substance that functions as a medium of exchange, a measure of
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ANTOIN E. MURPHY – TRINITY COLLEGE DUBLIN. 2 John Law 1671-1729 Born in Edinburgh, the son of a goldsmith Brilliant mathematician at school Lives in
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Chapter 11 – 12 Monetary Policy Chapter 11 Section 1 Chapter 12 Sections 1,2, 3
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Money Its origin: –Barter didn’t work, so money became a store of value. We all agree on the rules of the game (like monopoly), so we ‘buy in’ to the idea
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