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.
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