How are modern forms of money different from other forms of money
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Paper Money: Paper money consists of currency notes issued by the State Treasury or the Central Bank of the country. Credit Money: In modern economic societies, with the development of banking activity, along with paper money, another form of convertible money has developed in the form of credit money or bank money.
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Paper Money: Paper money consists of currency notes issued by the State Treasury or the Central Bank of the country. Credit Money: In modern economic societies, with the development of banking activity, along with paper money, another form of convertible money has developed in the form of credit money or bank money.
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