tag:blogger.com,1999:blog-1288512939895659343.post-89445582805991568172008-05-04T13:19:00.000-07:002008-05-04T13:20:15.952-07:00

Credit money is any claim against a physical or legal person that can be used for the purchase of goods and services. Credit money differs from commodity and fiat money in two ways: It is not payable on demand (although in the case of fiat money, "demand payment" is a purely symbolic act since all that can be demanded is other types of fiat currency) and there is some element of risk that the

Elmer Claveriahttp://www.blogger.com/profile/09364156235326746069noreply@blogger.com