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Course title:
Money & Banking
Lecturer
By
Sadiq Mohamed Omer
Chapter One
1. COMMODITY MONEY
2. METALIC MONEY
3. PAPER MONEY
4. CREDIT MONEY
5. ELECTRONIC MONEY
1. COMMODITY MONEY
Coined Metals.
As a next step, standard coins were
created.
They had a standard weight & value.
Problem of un coined metals started here
as well.
3. PAPER MONEY
3. PAPER MONEY
PAPER MONEY
Refers to the Notes issued by the State
or by the Bank, usually the Central
bank.
Paper Money can be:
1. Representative Paper Money.
2. Convertible Paper Money.
3. Fait Paper Money.
4. CREDIT MONEY