A payment role is the basis of every currency. Quite remarkably, both a traditional currency as well as a modern…
It is one of the crucial parts of an economic system as it allows cash to circulate in the country's…
Bitcoin is the new internet money. It is decentralized because it has no central issuing institution, operates outside of banks,…
If we want to understand the notion of artificial money, we must analyze what the contemporary world considers to be…
Money has undergone and is still undergoing an evolution. This evolution can point to certain "turning points" that can be…
Money is a good, but if it is to function as a legal tender, all agents in the market must…
Money is beautiful, money is interesting, money gives freedom - but like a spinning top, it must be kept in…
There is no doubt that properly managed money system has helped a lot in achieving high stable level of production,…
Before the development of money, exchange was based on the direct exchange of goods and services. This is known as…
Different definitions of money have been given by different economists. F.A. Walker describes it in terms of functions. However, the…