A difficulty with gold is that it does not function well as a unit of account.
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Q7: An advantage of commodity money is that
Q8: IOUs for gold deposits are one example
Q9: Checkable mutual funds are at least as
Q10: One of the defining features of money
Q11: A disadvantage of credit money is that
Q13: Only fiat money helps solve the "double
Q14: Checking accounts are part of the money
Q15: Under credit money, prices automatically fall in
Q16: As measures of the money supply, M2
Q17: A government law about "legal tender" is
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