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what is the meaning of "liquidity is contingent functions of money"?
Money is convenient form for holding the wealth.  As money can buy any asset at any time.  As well as any assets can be converted in to money.  So money is the most liquid form of asset.  Another function of money is it can calculate the wealth of the person by calculating the value of his property and things that are in his possession in the form of money value.  Total wealth of a person or a country can be ascertained by calculating the money value of all assets.  So the another function of money is that it imparts liquidity and uniformity to assets.


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