Money's role as a medium of exchange frees buyers and sellers of goods and services from the need to have an exact coincidence of wants in terms of quality, quantity, time and location.
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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
Q15: Money's role as a standard of value
Q16: Fiat money consists of gold and silver
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.
Q21: One of the most important contributions of
Q22: The hedging principle refers to risk reduction
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