Breaking Britain. I Am The One Who Knocks. Say My Name (it isn't Jay).
Eurodollar University
00:00
What Is the Multiply Medium of Exchange?
The british pound is still a substantial settlement mechanism for the global exchange system. The uro dollar, these bank liabilities are purely medium of exchange, or medium of exchange. As long as you have this middle currency, this intermediating currency, that's applicable everywhere, it operates as a useful metim of exchange. But what about store value? The store value is not the currency itself, because there is no currency. These are book entries,. These are liabilities.
Play episode from 06:31
Transcript
