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Far from being a precious commodity that had become readily
accepted through trade as the barter theorists thought, money
as coin has generally been accepted by fiat, that is, issued and
guaranteed by an authority, such as a powerful leader, an office-
holder or a religious organisation. (Mellor 2011)
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital
Week Three: Global Finance, Money and Power - Banks and Capital

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Week Three: Global Finance, Money and Power - Banks and Capital

  • 1.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6. Far from being a precious commodity that had become readily accepted through trade as the barter theorists thought, money as coin has generally been accepted by fiat, that is, issued and guaranteed by an authority, such as a powerful leader, an office- holder or a religious organisation. (Mellor 2011)