Difference between revisions of "Currency"

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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
 
:[[Currency]]. Coins and paper bills.
 
:[[Currency]]. Coins and paper bills.
 +
According to [[Macroeconomics by Mankiw (7th edition)]],
 +
:[[Currency]]. The sum of outstanding paper money and coins.
  
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Latest revision as of 14:12, 2 July 2020

Currency is coins and paper bills.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Currency. Coins and paper bills.

According to Macroeconomics by Mankiw (7th edition),

Currency. The sum of outstanding paper money and coins.