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...Class notes ix topic i money matters ii banking deposits credit and subject nflat payments contents module types functions of is any item or verifiable record that generally accepted as payment for goods services repayment debts in a particular country socio economic context easily converted to such form anything which medium exchange measure value store means standard deferred are be made future when used intermediate the it performing function thereby avoids inefficiencies barter system coincidence wants problem s most important usage method comparing values dissimilar objects acts common into all expressed compared we commodity terms known price act must able reliably saved stored retrieved predictably usable also remain stable over time refer those suppose you borrow sum rs at p interest one year promise pay principal after serves simplest likely oldest type builds on scarce natural resources unit account closely related originates from where directly exchanged other fiat gets its ...