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Course: Macroeconomics > Unit 4
Lesson 3: Definition, measurement, and functions of money- Money supply: M0, M1, and M2
- Functions of money
- Standard of deferred payment and legal tender
- Commodity money vs. Fiat money
- When the functions of money break down: Hyperinflation
- Hyperinflation
- Lesson summary: definition, measurement, and functions of money
- Definition, measurement, and functions of money
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