The Origins of Money

history of money

A small look at the history of “money”.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.


Courtesy of: Visual Capitalist

Leave a Reply

1 Comment on "The Origins of Money"

Notify of
Sort by:   newest | oldest | most voted