BFM 412: Monetary Theory and Policy

Institution Mount Kenya University
Course ACCOUNTING & FINANCE
Year 4th Year
Semester Unknown
Posted By Rose Oloo
File Type pdf
Pages 97 Pages
File Size 1.08 MB
Views 885
Downloads 0
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Description

Money is anything generally accepted as a medium of exchange. A medium of exchange is virtually anything used to pay for goods and services or settle debts. Thus, the distinguishing feature of money is that society widely accepts it to settle transactions.
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