About this document
Classification of Money Types by Harsha Vardhan is a document available to read on EtoBox.
This document discusses different types of money and monetary systems. It defines money as a commodity that is generally accepted as payment and serves as a medium of exchange and store of value. There are four main types of money discussed: commodity money, whose value comes from the commodity it is made of; fiat money which has value by government order; fiduciary money issued by banks beyond their reserves; and commercial bank money which is debt generated by commercial banks. Money is also classified ba
- Author
- Harsha Vardhan
- Language
- EN