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compare and contrast the function of money in colonial and non-colonial economies
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- Why can fiat money be successfully used as a currency despite the fact that it has no intrinsic value backing it up?How do representative and credit money compare to commodity moneyWhy might we not consider livestock as money, even if it could be used to trade for goods and services in agrarian economies?
- Compare and contrast representative money, credit money and commodity moneyContrast the extent to which central banks are independent in at least 3 develop countries and 3 Caribbean countries.What are the main functions of banks? Explain the role played by commercial banks in the economic development of a country.
- what is the relationship between money demand and GDP in developing countriesWhich of the following is NOT a function of money as presented in economics? medium of exchange unit of account store of value measure of statusWhat are the operational, intermediate and ultimate objectives of monetary policy in Pakistan?