What is money?

by:Sycda     2020-09-03

The answer to the question is simple. Money is something that is widely used for payment of another person's debt, as well as for the debts of another person payments. Country produces coins and banknotes (all adopted) for the payment of bills and receipt of money.

Money is what is known as a 'moderate' Exchange.In the 'old days' people trade in goods and services have been held (and probably produced) for goods and services over other (probably produced by them). The script was something like this - you give me your two bags of potatoes and I trade you my ten fish. '

This trade was a good way for some time. As society developed, businesses have become more complex and inefficient with this method of marketing. Business relationships become stilted and slow and lagged behind the pace of new commerce. There had to be a better way. Some bright spark then came up with a common 'medium of exchange' easier to carry and use a better idea.

Cash was born.

It was not as simple as long as all kinds of things have been used as an exchange, they were all basically known as 'cash' and he was not only coins and paper notes have been designed to make money, as we know it today has become a standard is accepted as a medium of exchange .

Forms of money

There are various forms of money - checks, IOU's, credit cards, bank notes and gold. Gold standard was used because of its scarcity and its properties in the past. Gold is resistant to corrosion or damage. These unique features, as well as the scarcity of gold means that even today, wealthy people around the world prefer to keep their asset holdings of gold or the currencies of countries that are subject to inflation.

In fact, all sorts of things were used as money for centuries. Some include: beads, eggs, salt, pig skins, leather, yarn, axes, ivory and jade. Today we have another form of money that can not be harmed, and yet it is as real as physical coins, we can touch. This money is a form of electronic money.

Title: 'Money'

The word money comes from the Roman goddess - Moneta. Apparently his house was minted and issued in the world, as the Romans knew it at the time. Latin, the word 'coin' (which means the coin or mint) came from an old English word 'mynet' (ie, coins or cash) and from this came the English word 'mint'.

The Origins of Money

To understand the origin of the money we have to go back to a time before the money went to the scene. Money did not suddenly appear - it was introduced gradually, taking into account human needs. As civilization has grown and expanded in the local communities, need to exchange the products provided by the various groups became evident. Hunter needs to be exchanged with a farmer, a shepherd to be exchanged with the medicine man, etc.

Medium of exchange, which was necessary for the various groups of exchange and swap their products have the money. It was originally a physical substance like gold or silver. Sometimes it was a matter that has been living like animals, which was one of the oldest forms of money.Today, a lot of money by individuals in their daily lives are still in the form of banknotes and coins, its quantity is relatively small compared to the intangible types of money existing entries, bank records.

Today, there is a digital cash and cash items such as coins and banknotes will soon become obsolete. When this happens, change the nature of money will have a significant impact on our society.

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