Anglų rašinys. Monetary policy.
This chapter presents for us information about
First of all, we should know that money has become so important that the modern economy is described as money economy.
There are some functions of money. The most important function is a medium of exchange. It means that money is accepted easily in exchange for all other goods. Another function of money is that money acts as a common measure of value. Whenever we buy a good in the market we pay a price for it in money. Also important function is standard of deferred payments. Money is used as a standard for the future payments.