How is money defined both conceptually and in practice


Problem

1. If ours were a barter economy, how would you pay your tuition bill? What if your college did not want the goods or services you offered in payment?

2. How is "money" defined, both conceptually and in practice? Does the U.S. money supply consist of commodity money, full-bodied paper money, or fiat money?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How is money defined both conceptually and in practice
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