Editing SEEDS Glossary
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3. Medium of exchange | 3. Medium of exchange | ||
Seeds aim to optimise money by making it a better unit of account - by creating a more stable currency - and medium of exchange - by creating “better-than-free” methods to exchange money. | Seeds aim to optimise money by making it a better unit of account - by creating a more stable currency - and medium of exchange - by creating “better-than-free” methods to exchange money. | ||
=National Currency Liquidity= | =National Currency Liquidity= | ||
A national currency is a legal tender issued by a country's central bank or monetary authority, for example, USD, GBP, AUD. Liquidity refers to the availability of cash or cash equivalents to meet short-term operating needs. In other words, liquidity is the amount of liquid assets that are available to pay expenses and debts as they become due. | A national currency is a legal tender issued by a country's central bank or monetary authority, for example, USD, GBP, AUD. Liquidity refers to the availability of cash or cash equivalents to meet short-term operating needs. In other words, liquidity is the amount of liquid assets that are available to pay expenses and debts as they become due. |