IV
Wehaveshownabovethatforacommoditytobethestandardofvalueisnotasufficientconditionforthatcommodity\'srateofinteresttobethesignificantrateofinterest。Itis，however，interestingtoconsiderhowfarthosecharacteristicsofmoneyasweknowit，whichmakethemoney-rateofinterestthesignificantrate，areboundupwithmoneybeingthestandardinwhichdebtsandwagesareusuallyfixed。Thematterrequiresconsiderationundertwoaspects。
Inthefirstplace，thefactthatcontractsarefixed，andwagesareusuallysomewhatstable，intermsofmoneyunquestionablyplaysalargepartinattractingtomoneysohighaliquidity-premium。Theconveni-
[Page237]PROPERTIES
OFINTERESTANDMONEY