What is Monetary Economics For Exit Exam Chapter One Part Three(3)Basic Money Approach and Evalution
Автор: Ethio Economics School
Загружено: 2025-08-14
Просмотров: 816
Описание:
#Monetary Economics Chapter One Part Two(2) In Amharic
#Money Aproach
#money
#Conventional Approach
#Chicago aproach
#Shaw and Gurley
#Centeral Bank
#redcliffe
#Money Evalution
#barter
#Birr
#currency
#amharic
#monetary
#Money Function
#Basic functions of Money
#Money has four basic functions:
#Money as a Medium of Exchange, a
#unit of account, a #store of Value and a deferred payment
#Money promotes economic efficiency by:
#Eliminating transaction cost
#Avoiding the problem of double coincidence
#Allowing people to specialize in what they do best
#Allowing freedom of choice
#Commodity to be used as money, if it should meet the following criteria
#Widely accepted
#Standardization: it must be easily standardized
#Divisibility –it is easy to make a change
#Portability – it must be easy to carry
#Durability– it must not deteriorate quickly
#Freshman Economics In Amharic
#economics
#Ethiopia University
#econometrics
#devoloppement
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