Book money, cheque money, deposit money, bank money, money in account, fiat money

Demand deposits held at banks and other account institutions for the purpose of payment transactions. Book money is not passed from hand to hand, but is booked and posted to and debited from accounts. – In older financial terminology, also clearing items recorded in the account book. – See bank money, computer money, mark, play money, settlement money.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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