Dictionary money
Nick Rowe points out that if a central bank wants to control the economy's price level, it needn't issue any actual money—it can ju...
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Tampilkan postingan dengan label Unidad de Fomento. Tampilkan semua postingan
Tampilkan postingan dengan label Unidad de Fomento. Tampilkan semua postingan
Getting rid of the monetary triumvirate
September 11, 2014
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medium of account,
medium of exchange,
store of value,
Unidad de Fomento
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The textbook definition of money is anything that functions simultaneously as a store of value , a medium of exchange , and a medium of acco...
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