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Lecture Money and banking - Lecture 3: Money and the payment system

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Lecture Money and banking - Lecture 3: Money and the payment system

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Money is an asset that is generally accepted as payment for goods and services or repayment of debt. Not the same as wealth or income, money is a component of wealth that is held in a readily- spend able form money is made up of. In this chapter will introduce the money and the payment system, inviting you refer.

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