Overview
Money is unit the exchange in an economy, that is, the price of good or service is denominated in terms of a given currency.
{% Price = \frac{1 \; unit \; product}{amount \; of \; currency} %}
The money used by a given country is typically issued by that country's
central bank.
Topics
- Money - the unit of account used to measure the value of goods and services.
- Prices - the numeric value assigned to a good or service that indicates its cost to a consumer wishing to purchase the good.
- The Financial Markets When a agent in the economy has more money than they need to provide for their expected near term consumption needs, they often seek to deploy that money productively in order to earn a return on their idle funds. The Financial Markets are designed to facilitate this search for investment opportunities as well as markets for mitigating risk, such as Insurance