An alternative for paper currency. This could be a good traded in exchange for another good and is highly negotiable. This type of exchange tends to occur with more frequency when a country's currency is severely devalued.
Related information about money substitute:
- What is money substitute? definition and meaning
Definition of money substitute: An alternative for paper currency. This could be a good traded in exchange for another good and is highly negotiable. This type of ...
- Show me the money... - Substitute Teacher Jobs | Indeed.com
What are typical substitute teacher salaries? Do some companies pay a lot more for this position than others? What does a top earner make in this field?
- Substitute Money - Forbes.com
Feb 14, 2006 ... Communities facing this problem have traditionally resorted to "scrip," a money substitute in the form of tokens, certificates, even clamshells or ...
- Michael Pollaro - The Contrarian Take - Forbes
A money substitute is always and everywhere a claim to money in the present, meaning ... In contrast, a money substitute requires no such liquidation.
- XVII. INDIRECT EXCHANGE: The Money-Substitutes
A money-substitute can be embodied either in a banknote or in a demand ... The main thing is that every owner of a money-substitute is perfectly certain that it ...
- Money or Money Substitutes? - Ludwig von Mises Institute
a redemption guarantee makes it a money substitute, regardless of whether or not it is valued for its metallic content. or could it be that only those instruments ...
- Money and the Monetization of Credit - Santa Fe Institute
A money substitute is an instrument such as a gasoline or department store credit card which substitutes in the short term (often 30 days) for a cash payment in a ...
- Wampum: Introduction
Dutch traders had encountered wampum and adopted it as a money substitute. In 1627 one of these merchants, Isaac De Razier of the New Netherlands colony ...