a portable, arbitrarily valued medium of exchange that can be used to purchase anything
Women use their livestock to pay a bride price when they get married.
They have successfully resisted the use of general purpose money.
It makes it easier to carry out trade and gives individuals the ability to accumulate wealth.
It results in the economic independence for the society as a whole.
It rarely has a powerful effect on the non-market economy.
Forces of supply and demand in a particular market
Consumer behavior and firms output decisions
Aggregate economic phenomena like the rate of unemployment & inflation.
Monetary Policy Quiz