Economics
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token money
the face value of any piece of currency is unrelated to its intrinsic value
Thrift institutions
Savings and loan associations (S&Ls), mutual savings banks, and credit unions
near-monies
highly liquid financial assets that do not function directly or fully as a medium of exchange but can be readily converted into currency or checkable deposits
Commercial banks
primary depository institutions
liquidity
the ease with which an asset can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
