2 ms·
Actually, it doesn't satisfy the second one. Unit of account traditionally has meant that it can settle all debts "public and private". It might allow you to
by kaonashi 14y ago
Actually, it doesn't satisfy the second one. Unit of account traditionally has meant that it can settle all debts "public and private". It might allow you to settle private debts, but it will never allow you to settle public debts (which is really what drives a currency's value).