Money

Money is any object that is gener exclusivelyy accepted as payment for goods and services and repayment of debts in a stipulation country or socio-economic context.[1][2] The main functions of funds are secern as: a medium of exchange; a unit of account; a store of value; and, occasionally, a sample of deferred payment.[3][4] Money originated as commodity money, but nearly all contemporary money systems are based on order money.[3] Fiat money is without intrinsicuse value as a bodily commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a establish of payment at heart the boundaries of the country, for all debts, public and private. The money supply of a country consists of currency ( tillnotes and coins) and demand deposits or bank money (the balance wheel held inchecking accounts and savings accounts). These demand deposits usually account for a untold larger part of the money supply than currency.[5][6] Bank money is intangible and exists only in the form of various bank records. Despite being intangible, bank money still performs the radical functions of money, being generally accepted as a form of payment.

[7] The use of barter-like methods may date back to at to the lowest degree 100,000 years ago, though there is no evidence of a society or economy that relied primarily on barter.[8] Instead, non-monetary societies operated by and large along the principles of gift economics. When barter did occur, it was usually between any complete strangers or potential enemies.[9] Many cultures around the orb eventually developed the use of commodity money. The shekel was originally a unit of weight, and referred to a specific weight of barley, which was used as currency.[10]. The first usage of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used tucker out money often, the shells of the money cowry (Cypraea moneta L. or C. annulus L.). jibe to Herodotus, the Lydians were the first... If you want to get a full essay, order it on our website: Ordercustompaper.com

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