Abstract
Money is a ‘go‐between’ to effect exchanges. It can be defined as anything which is generally acceptable in purchasing goods or setting debts. To be money, a commodity does not have to be legal tender — currency which by law a creditor must accept in payment. Precious metals made into coins became the usual form of money, but eventually bank‐notes gained acceptability.
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© 1994 Jack Harvey
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Harvey, J. (1994). Money and the Rate of Interest. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_24
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DOI: https://doi.org/10.1007/978-1-349-13313-0_24
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
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