Introduction to the Theory of Money Part 1
By Tae-Sik
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July 27, 2020
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~7 min read
Money and currency is our medium for the exchange of goods and services. In the US, we use dollars. It is printed and regulated by the US Government. It is divisible, scarce, durable, portable, difficult to counterfeit, universally accepted, and stable. The value of a nation’s currency is correlated to its scarcity and wide acceptability. […]