What are the three basic functions of money, Microeconomics

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What are the three basic functions of money

Problem

a) What are the three basic functions of money? Describe how high rates of inflation can impact money's ability to perform each of the three functions.

b) Are checks legal tender? Should they be legal tender?

c) What does the Fisher Effect tell us about the bond and loanable funds markets?

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Microeconomics: What are the three basic functions of money

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Microeconomics: What are the three basic functions of money

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