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Exchange of goods and services

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Money is any good that is widely accepted in exchange of goods and services, as well as payment of debts. Most people will confuse the definition of money with other things, like income, wealth, and credit.

What are the uses of money? Describe how rapid inflation can undermine money's ability to perform its three basic functions. Will current Fed's policy hinder money's ability to perform its three basic functions? Explain your rational.

Reference no: EM131940218

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