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Chapter 3: What Is Money?
Synopsis
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Chapter 3 deals with a problem that has received increased attention among economists since the mid-1970s: just what is money or the money supply? This topic is given expanded treatment in a later chapter, but raising the issue here allows us to consider the importance of money, discovering why it evolves in all but the most primitive societies.
For a more detailed chapter review with additional exercises and self-tests, order the Student Study Guide, ISBN 0-321-19416-0.
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