Spain................... 19.96 Turkey.................. 7.09

Brazil.................. 18.79 Russia.................. 6.45

Denmark................. 17.73 Japan................... 5.68

Belgium................. 15.83 Bulgaria................ 5.57

Austria-Hungary......... 14.68 Serbia.................. 5.49

Rumania................. 13.24 Venezuela............... 5.51

Italy................... 13.09 India (British)......... 5.19

South Africa............ 12.93 Ecuador................. 4.62

Norway.................. 12.50 Peru.................... 3.17

Sweden.................. 11.59 Colombia................ 2.32

Greece.................. 11.02 Paraguay................ .57

7. #Money defined and reviewed#. Money may be defined as a material
means of payment and medium of trade, generally accepted as the
price-good and passing from hand to hand. The definition contains
several ideas. The words "generally accepted" imply that money has a
peculiar social character, is not an ordinary good. As a price-good,
money itself must be a thing having value, otherwise it could not be
accepted. Trade means the taking and giving of things of value. Money