The Principles of Economics, with Applications to Practical Problems

CHAPTER 13. MONEY AS A TOOL IN EXCHANGE

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1. Why do you value money? Do you value it more than the things it buys?

2. What functions does money perform in society?

3. Could a country better do without money, horses, or roads?

4. If money is a tool, what does it make?

5. What is the difficulty in deciding whether to call the following money: gold ingots, gold coin, silver dollars, copper cents, greenbacks, bank-checks, chalk-marks to keep account?

6. Are men wealthy in proportion to the money they have? Are countries?

7. Would a nation be poorer if, like Sparta, it prohibited all money?