What is Money?
STOP before continuing this article and think. You use money every day, literally. Answer two questions by yourself;
- How much money did you spend and earned today?
- Do you know what money is?
I cannot guess your answer for the first one but no, money is not the United States Dollar. USD is the most common currency in the world with an estimated around $18 Trillion and only between %10-%20 of it is physical currency. (When you think as money is %80–90 digital, BitCoin does not seem too farfetched right?)
What is Money
Money is something that acts as a medium of exchange. This can be anything. Quoting CNBC;
Salt is one of the world’s oldest forms of payment. In fact, the word salary derives from the Latin “salarium,” which was the money paid to Roman soldiers to buy salt. It was the main form of currency in the Sahara Desert during the Middle Ages and was used extensively throughout East Africa.
So to explain money we can say that it can be something to settle transactions and it should be regarded as a liquid asset. Liquid asset means that it should be accepted by a…
