"The two primary functions of money are:
1. Medium of exchange; and
2. Store of value"
It was pointed out to me that there is a third important function for money that I didn't address in my earlier post: money serves as a unit of account...
So how many Australian gold mining companies issue accounts (balance sheets and profit and loss statements) with values expressed in ounces of gold?![]()
"The two primary functions of money are: 1. Medium of exchange;...
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