THE metals have so long performed the use of money, that money and coin are become almost synonymous, although in their principles they be quite different.

The first thing therefore to be done in treating of money, is, to separate two ideas, which, by being blended .together, have very greatly contributed to throw a cloud upon the whole subject.

Money, which I call of account, is no more than an arbitrary scale of equal parts, invented for measuring the respective value of things vendible.

Money of account therefore, is quite a different thing from money-coin, and might exist, although there was no such thing as the world as any substance, which could become an adequate and proportional equivalent for every commodity.

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