Term
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Definition
| Money that can be used in ANY economic transaction |
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Term
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Definition
| Money that can be used in only a LIMITED range of economic transactions. YAP Stone Money and Kula Ring Money |
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Term
| Basic Functions of General Purpose Money |
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Definition
| Medium of Exchange, Standard of Value, and Store of Wealth. |
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Term
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Definition
| Various surpluses are turned into money which is exchanged again to obtain different surpluses |
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Term
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Definition
| Every exchange commodity can be valued in a currency amount. Permit is comparison of worth |
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Term
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Definition
| Money, once created in permanent. It can be accumulated without losing value. |
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Term
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Definition
| Some cultures employ "Leveling Mechanisms" to discourage accumulation of wealth. |
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Term
| Military Payment Certificates |
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Definition
| a form of currency used to pay U.S. military personnel in certain foreign countries. |
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Term
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Definition
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Term
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Definition
| The US government began to issue the kind of money we use today during the revolutionary war, called continental currency or continentals. |
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Term
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Definition
| The Us printed money again during the civil war, printed front and back for the first time. |
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