Money in Economic Theory
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Date
1972-11-30
Authors
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Journal ISSN
Volume Title
Publisher
Obafemi Awolowo University Press
Abstract
The term money refer to such commodities which serve the three-fold functions of: a recognised and acceptable medium of exchange; a standard of value or a unit of account; and, a symbol or store of wealth, both the traditional and the modern theories- and controversies about money deal with how effectively money can or should perform one or all of these three-fold functions. Furthermore, the objects that have performed these three-fold functions have themselves evolved with the development in economic thought and practice.
Description
Keywords
Money, Medium of exchange, Standard of value, Store of wealth, Monetary theory, Nigerian monetary policy