Question

What is the different Between money-of-account and Money proper?​

Answer 1

Difference between money of account and proper money

Money proper is otherwise known as actual money. Money proper is the money which is in circulation in a country. ... Money of account may change but money proper does not change.

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Answer 2

Explanation:

Money of Account:

Money of account is the description or the title and money proper is the thing which answers to the description. Money of account is that in which accounts are maintained. Prices of goods and services, general purchasing power, debts etc are expressed in terms of money of account.