# fiduciary media I think that a lot these fine distinctions just confuse the subject of money. --- # References >[!Ref] Lexicon > ># fiduciary media < Money-substitutes freely accepted at [face value](https://www.freemarketcenter.com/lexicon/index.html#face%20value) which consist in claims to payment on demand of specified sums of money in excess of the monetary reserves held for their redemption. Fiduciary money includes token money, bank or treasury notes and demand deposits (deposit currency or checkbook money) which exceed the amount of cash reserves immediately available for their conversion into money proper. Fiduciary media are money-substitutes (q.v.) and "Money in the broader senses (q.v.) but not "money in the narrower sense" (q.v.). > [[Human Action - Mises (HA)]] 432-44; [[Theory of Money and Credit (M.)]] 52-54, 133; and Part III, particularly 263-97 and 319-39, 482-83.