Lesson 9: Money
Please read Part V

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1. What deeper confusions contributed to the general confusion about the nature of money?   (Part V, Chapter 1) 

2. Is money used to satisfy human desires directly? What is its primary use?   (Part V, Chapter 2) 

3. Does the exchange value of money depend on its value as a commodity?   (Part V, Chapter 2) 

4. What quality in money distinguishes it from various forms of credit?   (Part V, Chapter 2) 

5. What is the chief function of money besides serving as a medium of exchange?   (Part V, Chapter 3) 

6. How does credit facilitate exchanges?   (Part V, Chapter 4) 

7. Why does George believe that the use of credit in exchange preceded the use of money?   (Part V, Chapter 4) 

8. As society develops, what is the tendency with respect to the use of money with intrinsic value? What is the reason for this tendency?   (Part V, Chapter 5) 

9. When the intrinsic value of currency is decreased, what must be done to ensure its continued viability as money?   (Part V, Chapter 5) 

10. In George's view, how does the labor-saving quality of credit money lead to the proper role of government in issuing money?   (Part V, Chapter 6)