Money

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1. WHAT IS MONEY?

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.

The main functions of money are as a measure-of-value, a master-signifier, a medium-of-exchange, and a store of value. Any item or verifiable record that fulfills these functions can be considered as money.

The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.

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2. WHAT IS THE ESSENTIAL DIALECTIC OF MONEY?

The Essential Dialectic of Money is:

{Measure-of-Value ⇆ Master-Signifier ⇅ Medium-of-Exchange} ↻ Store-of-Value

The Essential Dialectic of Money is the Measure-of-Value, Master-Signifier, Medium-of-Exchange, and a Store-of-Value Dialectic because ….

3. WHAT IS THE INTERMEDIARY DIALECTIC OF MONEY?

The Intermediary Dialectic of Money is:

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4. WHAT IS THE COMPLETE DIALECTIC OF MONEY?

The Complete Dialectic of Money is:

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