Money and Banking Evolution of Money. Functions of Money Barter Economy –Moneyless economy that relies on trade –Hindered b/c some products offered may.
Chapter 11 Economics 1. 2 Money is accepted by all parties as payment for goods and services. Money can be used to express worth in terms that most.
Chapters 11 & 15
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CHAPTER 11 Money and Banking. Section 1: The Evolution of Money Main Idea: money is any substance that functions as a medium of exchange, a measure of.
Chapters 11 & 15 Money and Banking & The Federal Reserve system.
Money and Banking. Money ▪Medium of Exchange → something that is accepted by all parties involved and is used as payment for a good or service; ▪Measure.
