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Summary Of: Medium of exchange

A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary... has always been able to generate a medium of exchange marked for more units than it is worth as a store of value... its medium of exchange has some value... the medium of exchange function has historically been the most problematic because of... Thus it tends to be the medium of exchange function that constrains what can be used as a form of... Thus the medium of exchange function has become wholly a part of the marketplace and its signals...

Encyclodia Page On: Medium of exchange

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Medium of exchange".