Saturday Morning Muse Andrew Temte Saturday Morning Muse Andrew Temte

The History of Money

So what is money? Money is anything that acts as (a) a medium of exchange, (b) a measure of value, (c) a standard that can be used for credit or deferred payment, and (d) a store of value. Early coinage ticked each of these boxes.

Money also has the following properties. Money must be:

  • Durable

  • Fungible

  • Divisible

  • Portable

  • Acceptable

  • Scarce

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