Question

According to prof. crowther, the stages of paper money are:​

Answer 1

Answer:

According to Crowther, “Inflation is a state in which the value of money is falling ... Prof. Keynes has said this stage profit inflation. The prices of commodities do

Explanation:

mark as brainliest plz

Answer 2

According to Prof. Crowther’s, paper currency categories are:

• Prof. Crowther's financial definition is better considered as it considers all important financial functions.

• He describes the money as, According to Prof. Crowther’s "Anything generally accepted as a means of exchange (i.e., as a way of depositing debt) and the same lime, act as a measure and store value".

• This happened because gold and silver merchants or banks would issue receipts to their depositors - which are applicable to the value of the goods included.
• Finally, these receipts are generally accepted as a payment method and are used as cash.
• Paper money came into use in China during the Song Dynasty.