Basics of Monetary Economics


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Money is something which is generally accepted as a medium of exchange.  It is one of the most basic and significant inventions of mankind.  Before money came into use, the exchange took place through barter system, i.e., goods were exchanged for goods.  Barter means the direct exchange of goods.  In other words, barter refers to exchanging of goods without the use of money.

The following objectives are included in our Latest PowerPoint Presentation:-

  • Barter and evolution of money
  • Functions and significance of money
  • Monetary standards
  • Value of money
  • Quantity theory of money
  • Income theory of money
  • Rate of interest
  • Demand for money


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