Phrases with «money substitutes»

Money substitutes are assets or instruments that are used in place of physical cash to make transactions. These substitutes can be easily converted into cash or used for payments, such as cheques, debit cards, or electronic transfers. They serve as a convenient and readily accepted form of payment, providing the same function as actual money. Full definition

Sentences with «money substitutes»

  • The primary reason, according to authority's governor, is the lack of recognition of cryptocurrencies as money substitutes. (bitcoinprice.com)
  • Both money proper and money substitutes serve as generally accepted means of exchange. (alt-m.org)
  • One's t - bills and t - notes are investments in interest bearing securities; even though certain investments may be regarded as secondary media of exchange, one must still convert them to money proper or a perfect money substitute in order to make payments or increase one's cash holdings. (acting-man.com)
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