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Money

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journal contribution
posted on 01.01.1967, 00:00 by Allan MeltzerAllan Meltzer, Milton Friedman

a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed, as currency it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.

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01/01/1967

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