237 Video: What Is Money?
What Is Money?
The following video defines money from an economist’s perspective in a way that goes beyond just the “functions” of money. The idea of “coincidence of once” allows us to exchange our dollars (money) for goods and services when we meet someone (just once) who has something that we want. In essence, beyond the functions of money, this video explains in more depth that how we use money really defines what it is and is not.
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