From: glevy@PRATT.EDU
Date: Thu Jul 15 2004 - 14:46:48 EDT
---------------------------- Original Message ---------------------------- Subject: More on money From: "Jurriaan Bendien" <andromeda246@hetnet.nl> Date: Tue, July 13, 2004 2:12 pm -------------------------------------------------------------------------- The complexity of the topic is evident from the fact that the Dictionary of Economics and Business (Erwin Esser Nemmers, Littlefield, Adams, Totowa, New Jersey, 3rd Ed., 1976) recognizes some 21 different forms of money: bank money cheap money dear money check book money convertible (paper) money credit money earnest money fiat money fiduciary money fractional money hard money soft money inconvertible money irredeemable money lawful money managed money representative money standard money tight money token money wildcat money My reference for this is: http://members.shaw.ca/h-chartrand/Macro%20+%202.0.htm We could of course add some other categories, such as counterfeit money... In 1998, the assistant secretary of the US Treasury claimed that "Since 1969, the amount of U.S. currency in circulation has grown from approximately $50 billion to more than $450 billion. Over the same time, the proportion of U.S. currency held overseas has grown from one half to two thirds. Close to $300 billion of our currency circulates outside our borders." http://www.ustreas.gov/press/releases/rr2748.htm Jurriaan
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