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What economists mean by money

What economists mean by money

Concept map of money showing the four functions, that money includes cash and bank deposits, and that a debit card is a payment method rather than the money itself Economists define money as anything generally accepted as payment for goods and services, and for settling debts. That definition is wider than coins and banknotes because bank deposits in current accounts can also be used to pay.

The role of money Lesson

  1. GCSE
  2. /Economics
  3. /The role of money