“MONEY”

Money is a medium of exchange, making it easy for people to buy and sell goods and services. Society agrees on its value, whether it takes the form of commodity money, backed by physical goods like gold, or fiat money, whose worth comes from government decree. Different types of money, such as M1, M2, and M3, help economists measure the total money supply in an economy, offering insight into spending, saving, and economic health. Money is any item or verifiable record accepted as a medium of exchange, specifically functioning as a unit of account, a store of value, and a standard for payment.  Key Functions: Medium of exchange: Used to buy and sell goods and services without bartering. Unit of account: Measures and compares the value of things easily. Store of value: Keeps its worth over time so you can save it.  Common Types: Fiat money: Government-issued paper bills and coins with no intrinsic commodity backing. Commodity money: Items that have value on their own, like gold or silver. Commercial bank money: Digital credit, loans, and balances held in checking or savings accounts. Key Facts: Money is essential for facilitating transactions, driving economic growth, and serving as a unit of account. Commodity money includes goods like beaver pelts and gold, known for their durability and intrinsic value. Fiat money's worth is based on people's trust and the economic stability of the issuing government. The Federal Reserve influences the money supply through buying government securities and adjusting interest rates. Active money includes coins, paper currency, and liquid deposits actively circulating in the economy. Some Links: 1. https://share.google/lGh39m80DO4MLccQB. 2. https://share.google/pNlZTcDU2UJhsTvOg. 3. https://share.google/V5uMbDvwMXWhB6bs2. 4. https://www.rba.gov.au/education/resources/explainers/what-is-money.html. 5. https://en.wikipedia.org/wiki/Money_market. Money related Movies, TV Series, Books links: 1.. https://share.google/pSJMTtu40nTqFjcdZ 2.. https://share.google/o1CQMiP81goXnFO74 3. https://www.goodreads.com/series/66733-money Money is an accepted medium of exchange with a long history spanning ancient items like shells, the first paper bills in China, and modern digital funds. Read more about its economic role on (Encyclopedia Britannica). History and Origins: Early currency: People traded items like grain, conch shells, and live animals before coins existed. Word origin: The word "money" comes from the Latin word moneta, named after the goddess Juno. First paper money: China started using paper currency over 1,000 years ago.  Fun and Germy Facts: Dirty cash: Studies show that a large portion of paper bills carry bacteria and germs. Making pennies: Creating a single U.S. penny can cost more than the penny is actually worth. First credit card: The first card of its kind, the Diners Club charge card, appeared in 1950. Some Video links: 1. https://share.google/zlBGS7CT1lQVXJ0xd 2. https://share.google/6D5Auep8CAezamVbF. 3. https://share.google/DAeM92Y16jMsXFTW5. 4. https://share.google/XPFpRjG249uqElHFJ. Money Quotes: 1. “Money is the most universal and most efficient system of mutual trust ever devised.”Yuval Noah Harari. 2. “When money realizes that it is in good hands, it wants to stay and multiply in those hands”.Idowu Koyenikan. 3. “99% of all problems can be solved by money -- and for the other 1% there's alcohol.”Quentin R. Bufogle. Some links: 1. https://share.google/zQR8aUqbz6U2HXkO7 2. https://share.google/IsILaLYPAhVI52w30 3. https://share.google/CMiapfLhtSDlCubqU. Money is the main base of any country's economy and business environment.We use money in our daily lives as the main source of exchanging nowadays.The money is also categorised into two divisions: 1. Cash: physical currency or money,most commonly notes and coins.

2. Plastic or digital money :virtual money in the digital platform,most commonly credit card,debit card or net banking currency.