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Explain the basic functions and
characteristics of money, and describe the
composition of the money supply in the United States

Respuesta :

Money has taken many forms through the ages: shells, wheels, beads and even cows. All forms, though, have always had three things in common. Find out what in this eight-minute episode of our Economic Lowdown Podcast Series. You will also learn how commodity money differs from representative money and how both differ from today's fiat money.
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The basic functions of money are related to its being a unit of measurement, an instrument of exchange and store of values.

What is the money supply?

It corresponds to all the currency present in the economy of a given country, that is, the amount of money present in the form of cash and deposits.

Therefore, money is an essential instrument of a country's economy, where money is also used in the form of credit and loans, helping economic development.

Find out more about money supply here:

https://brainly.com/question/3625390

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