Instructions:The Financial Services Commission has invited you to publish anarticle in their Business Magazine. The topic is The Role of Moneyin Society. They have given you the following pointers to aid in thedevelopment of your article:1. Trace the development of moneya. barterb. commodityc. fiat money2. Explain the role of money in society3. Differentiate between the characteristics and the functions ofmoney4. Explain the different forms of money in today's worlda. commodityb. near moneyc. fiat moneyd. token moneye. broad moneyf. money substitutesg. ml, m2, m3 and m4

Money is an instrument made by individuals for the social turn of events. The worth of money made…

Answered: Instructions: The Financial Services…

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter1: Exploring The World Of Business And Economics

Section1.5: The Business Cycle

Problem 3CC

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