Money's role as a standard of value means that it is usually the only financial asset which virtually every business, household and unit of government will accept in payment for goods and services.
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Q10: The amount of lending in a closed
Q11: Society can increase its wealth only by
Q12: A deficit-budget unit is a net borrower
Q13: A surplus-budget unit is a net lender
Q14: From day to day and week to
Q16: Fiat money consists of gold and silver
Q17: Money's role as a medium of exchange
Q18: The fact that money is the only
Q19: Indirect finance requires that ultimate lenders (surplus-budget
Q20: In semi-direct finance secondary securities are created.
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