1. Some government bonds can be redeemed for currency or a check at banks. Why, then, isn't it universally agreed that government bonds are money? 2. Why can't food be used as a form of money? 3. What is a key advantage of money over other financial assets such as stocks, bonds, precious metals, or real estate?
1. Some government bonds can be redeemed for currency or a check at banks. Why, then, isn't it universally agreed that government bonds are money? 2. Why can't food be used as a form of money? 3. What is a key advantage of money over other financial assets such as stocks, bonds, precious metals, or real estate?
Chapter12: Money And Banking
Section: Chapter Questions
Problem 2E
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1. Some government bonds can be redeemed for currency or a check at banks. Why, then, isn't it universally agreed that government bonds are money?
2. Why can't food be used as a form of money?
3. What is a key advantage of money over other financial assets such as stocks, bonds, precious metals, or real estate?
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