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The underlying principles “unit of account,” “financial debt,” and “liquid asset” certainly have to be interpreted To place material into your proposed definition of money. Device of account usually means a unit (like the U.S. greenback) which by Conference (whether with or without supporting tension from authorities) is accepted in a s

(two) The expression “personal savings deposit” also means: A deposit or account, which include an account typically known as a passbook savings account, a statement discounts account, or as being a income market deposit account (MMDA), that or else meets the requirements in paragraph (d)(1) of this area and from which, beneath the phrases with

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