FUNCTIONS OF MONEY

Money & Cryptocurrencies

Medium of Exchange: We use it to buy goods and services. It serves commercial transactions and facilitates investment operations without the costs and difficulties of exchanging goods or services. A Store of Value (Purchasing Power): It transfers purchasing power from the present to the future. It is about accepting money (and gold) because of the

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A SHORT REFERENCE TO THE HISTORY OF MONEY

Money & Cryptocurrencies

Money plays a key role in facilitating financial transactions. Historically, many pre-capitalist economies have relied on the exchange of goods, the “exchange economy” or “bargaining economy“, where there was the exchange of products for other products, e.g. eggs with olives. It is clear that the exchanges were difficult to make because the desires of the

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