What are the components of m1 and m2

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1. What is the difference between commodity money and fiat money?

2. What are the three functions of money? Which function is the most important?

3. What are the characteristics that something needs to possess in order to function as money?

4. What are the components of M1 and M2? List them.

Reference no: EM131298779

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What are the components of m1 and m2 : What are the characteristics that something needs to possess in order to function as money?

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