1) Illustrate the hierarchy of money.
2) Explain the flow fluids.
Money refers to the acts as a conventional measure and common denomination of exchange. It an object which is commonly allowed as payment for products and services and it is a medium of financial exchange. There are three types of money, such as commodity money, fiat money, bank money.
Answer and Explanation:
The hierarchy of money was set due to the historical event, and condition and money represent or promise to pay, and the acceptability is the...
See full answer below.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from Economics 102: MacroeconomicsChapter 11 / Lesson 4