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Monetary System

The monetary system is the system that a society uses to facilitate the exchange of goods and services. It includes the currency (such as paper money and coins) that is used to buy and sell goods and services, as well as the financial institutions (such as banks) that facilitate the exchange of money. Continue Reading Below

    Related Topics

    • Checks (cheques)
    • Cost of Living
    • Costs
    • Currencies
    • Gold Standard
    • Legal Tender
    • Monetary Policy
    • Money
    • Money Circulation
    • Money in Everyday Life