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Modern forms of money and role of banking

modern forms of money and role of banking

Chapter Money, Banking & the Financial Sector. I. Money In a more Modern System, paper currency is the means of exchange. Functions of Money. 1 Answer · 1. Currency-paper notes and coins. They are not made of precious things and are not of daily use. · 2. Bank deposits are also a form of. Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries. modern forms of money and role of banking

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