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3 Tutorials that teach How Money has Developed over Time
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How Money has Developed over Time

How Money has Developed over Time

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Author: Aisha Williams
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This lesson explains the history and functions of money.

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Terms to Know
M1 Money Supply

Money that is either physical money or immediately accessible through an account such as a checking account.

M2 Money Supply

All of the money that is in the M1, plus funds or investments that are easily converted into cash such as a a saving account or money market fund.

Medium of Exchange

An item that allows a simplified sale or purchase process.