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image (Evolution (E-Money (Stored-valued, e-cash, Debit), Checks (Cons…
Evolution
Checks
Cons
Time transfer
Paper Shuffling
Pros
Electronic
Fiat
Expensive transport
E-Money
Stored-valued
e-cash
Debit
Commodity
Heaviness
Measuring
m2
small denominization
saving accounts
m1
currency
checkable deposits
Functions
Accounting
Value
Liquidity
Exchange
Transaction cost
Meaning
Payment
