Search results
Results From The WOW.Com Content Network
In macroeconomic theory, liquidity preference is the demand for money, considered as liquidity.The concept was first developed by John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936) to explain determination of the interest rate by the supply and demand for money.
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price.
The history of money is the development over time of systems for the exchange of goods and services.Money is a means of fulfilling these functions indirectly and in general rather than directly, as with barter.