How does money work

How does money work


As Means of payment It is hard to imagine life without money nowadays. After all, who is still running the traditional one these days? Barter how do you know him from a very old time? It is simply much more convenient to trade with a means of payment that everyone can use and that everyone accepts as a means of payment.

What is money anyway?

Money has become so integrated into people's everyday lives that hardly anyone could give a concrete definition of the topic of money. Basically, money is everyone liquid funds available to the state, companies and private individuals. This includes all three types of money like Coins, banknotes and book money.

What can you do with money?

Actually a rather superfluous question to which you usually get the answer "everything". It should be noted in this regard, however, that you cannot buy everything in life with bare money. Affection, real friendships and love, for example, cannot be bought for any money in the world.

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The article "Money" is in the category: Macroeconomics

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