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CHAPTER XXV

MONEY AND CREDIT

Evolution of the Acceptability of Money—The Qualities of a Good

Money-Reasons for the General Acceptability of Paper Money-

Coinage-Kinds of Money in the United States Legal Tender- The
Functions of Money—The Gold Standard-Other Metal Standards
The Paper Standard—The Controversy over Standards—Scarcity,
Stability, Production—Supply of Money— Demand for Money—The
Value of Money—The Importance of Price Fluctuations.

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