Question

write three component of money​

Answer 1

Answer:

• Currency such as notes and coins with the people.

• Demand deposits with the banks such as savings and current account.

• Time deposit with the bank such as Fixed deposit and recurring deposit.

Answer 2

Money comes in three forms: commodity money, fiat money, and fiduciary money. ...

Money comes in three forms: commodity money, fiat money, and fiduciary money. ...Commodity money derives its value from the commodity of which it is made, while fiat money has value only by the order of the government.

Money comes in three forms: commodity money, fiat money, and fiduciary money. ...Commodity money derives its value from the commodity of which it is made, while fiat money has value only by the order of the government.Money functions as a medium of exchange, a unit of account, and a store of value.

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