Difference between revisions of "Currency"
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==Definition== | ==Definition== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
:[[Currency]]. Coins and paper bills. | :[[Currency]]. Coins and paper bills. | ||
| + | According to [[Macroeconomics by Mankiw (7th edition)]], | ||
| + | :[[Currency]]. The sum of outstanding paper money and coins. | ||
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Latest revision as of 14:12, 2 July 2020
Currency is coins and paper bills.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Currency. Coins and paper bills.
According to Macroeconomics by Mankiw (7th edition),
- Currency. The sum of outstanding paper money and coins.
