anything that is generally accepted in payment for goods or services or in the repayment of debts

Currency
Traveler’s Checks
Demand Deposits
Other Check. Dep

This property reduces transaction costs

This is where funds are transferred from people and Firms who have an excess of available funds to people and Firms who have a need of funds

The price of money

the total collection of pieces of property that serve to store value

paper money decreed by governments as legal tender

This property of money is used to save purchasing power over time.

These are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and nonfinancial firms

the management of the money supply and interest rates

flow of earnings per unit of time (a flow concept)

valuable, easily standardized and divisible commodities (e.g. precious metals, cigarettes)

This property of money promotes specialization

a rise in the general level of prices of goods and services in an economy over a period of time

is the difference between revenues in a year and that year’s expenditures

an instruction to your bank to transfer money from your account

This measure of the money supply includes Small Den. Dep.
Savings and MM
Money Market Mutual Funds Shares

These are features of this property of money


be easily standardized
be widely accepted
be divisible
be easy to carry
not deteriorate quickly

represents a share of ownership in a corporation

government spending and taxation

Debit card
Stored-value card (smart card)
E-cash

This 1980s artist sang "Take me home tonight"

This property of money eliminates the trouble of finding a double coincidence of needs (reduces transaction costs)

The average price of goods and services in an economy

this many $1,000 bills stacked 63 miles high equals...