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What do you mean? The credit is settled either in barter or coinage, isn't it?
by carlosjobim 2y ago
What do you mean? The credit is settled either in barter or coinage, isn't it?
- vundercind 2y agoIt necessarily has a unit of account, but you can undertake all kinds of transactions under a credit system with nobody involved exchanging, or intending to exchange, that actual thing (silver coins, goats, bails of flax, abstract “favors”, whatever)