What is Money? Allan Meltzer 10.1184/R1/6709121.v1 https://kilthub.cmu.edu/articles/journal_contribution/What_is_Money_/6709121 <p>Money is the medium of exchange. This simple statement answers the question: What is money? But the answer merely shifts attention to a different set of questions. What is a medium of exchange? Why is it used? What benefits or costs accrue to individuals and society from the use of money? </p> 2011-11-01 00:00:00 Business Management