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Defining Properties of Currency Cannot Be Transcended
WEI Jian-bin
Teaching and Research
2005, (6):
88-91.
The defining property of currency lies in its capability of being exchanged with any given commodity, the value of this commodity being measured by that of the currency. In other words, currency serves as a general equivalent, and the essential quality of currency is fixed as a kind of commodity functioning as general equivalent. For this reason, Marx defined currency as a general commodity in contrast with other particular commodity.
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