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    ATM Session 4

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    Saksham Agrawal
    The document discusses various concepts related to money and debt throughout history. It mentions primitive societies using barter and tally systems, the development of coinage and accounting, the abstraction of money from physical currencies to fiat currencies backed by legal agreements rather than precious metals, and the role of central banks in controlling the supply of money and maintaining its value. It also references historical examples of monetary systems from different cultures and eras.

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    ATM Session 4

    Uploaded by

    Saksham Agrawal
    17 views18 pages
    The document discusses various concepts related to money and debt throughout history. It mentions primitive societies using barter and tally systems, the development of coinage and accounting, the abstraction of money from physical currencies to fiat currencies backed by legal agreements rather than precious metals, and the role of central banks in controlling the supply of money and maintaining its value. It also references historical examples of monetary systems from different cultures and eras.

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    The document discusses various concepts related to money and debt throughout history. It mentions primitive societies using barter and tally systems, the development of coinage and accounting, the abstraction of money from physical currencies to fiat currencies backed by legal agreements rather than precious metals, and the role of central banks in controlling the supply of money and maintaining its value. It also references historical examples of monetary systems from different cultures and eras.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    17 views18 pages

    ATM Session 4

    Uploaded by

    Saksham Agrawal
    The document discusses various concepts related to money and debt throughout history. It mentions primitive societies using barter and tally systems, the development of coinage and accounting, the abstraction of money from physical currencies to fiat currencies backed by legal agreements rather than precious metals, and the role of central banks in controlling the supply of money and maintaining its value. It also references historical examples of monetary systems from different cultures and eras.

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    of 18

    MONEY

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    Session 2
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