Money and Banking, Second Edition

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Exploring the origins and functions of money, this book emphasizes its role as a social institution tied to market exchange. It provides a comprehensive analysis of different monetary systems—commodity, fiduciary, and fiat—allowing readers to grasp the evolution of money over time and its significance in various contexts, such as credit markets and monetary policy. Ideal for students and professionals alike, it serves as a foundational resource for understanding contemporary monetary theory and practices.