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> * They are willing to use euros as a medium of exchange, but only because they know they can exchange them for (to them) real currency.*

Any person or business is only willing to use a currency as a medium of exchange because they know they can exchange them for other goods. "Currency" and "medium of exchange" aren't mutually exclusive, the former is a special form of the latter that is recognized widely (and in modern times, usually has no intrinsic value).

> * To be money you have to be willing to save it. If all you do is use it as an intermediate it's not money - yet.*

That's an insane definition for "money." You would claim that the fast food wages of a teenager who always spends it immediately is not money.



> You would claim that the fast food wages of a teenager who always spends it immediately is not money.

Just because he doesn't save it doesn't mean he's wouldn't be willing to if he had a lot of it. He isn't spending it because he thinks it doesn't keep value, he's spending it because he wants to buy things.




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