Advantages of using paper money instead of gold coins

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1. What are the functions of money?

2. What are the advantages of using paper money instead of gold coins?

3. Can an economy exist without paper money? How different would it be from our modern economy?

4. Order the following assets by liquidity from the most liquid to the least: a house, a car, cash, checking account, stocks, a golden ring.

Reference no: EM131388846

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