Tuesday, November 24, 2015
Christen Majors, Chapter 11
Similar to my last post for chapter 10, what stood out to me in Chapter 11 was the idea of paper money as a medium of exchange. The American dollar like every other well known currency is not backed by gold, or camels, or paper clips making its value in trade just as a medium of exchange.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment