See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Medium of exchange
Measure of value
Store of value
Method of deferred payment
Total funds in economy serving all four functions of money
Approximately 95%
Currency+Bank deposits with RBA\text{Currency} + \text{Bank deposits with RBA}Currency+Bank deposits with RBA
M3
M3+NBFI deposits−NBFI deposits in banks\text{M3} + \text{NBFI deposits} - \text{NBFI deposits in banks}M3+NBFI deposits−NBFI deposits in banks
Credit is a promise to pay money in future, not money itself
Select your subjects, and get access to A+ resources today.