Overview#Money is Currency and both are a form of a Commodity and can be used as Medium of exchange that is verifiable
Many modern references list only three functions, that ofEntity or verifiable record that fulfils these functions.
Money's most important usage is as a method for comparing the values of dissimilar objects.
Paper Money#When the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.
More Information#There might be more information for this subject on one of the following:
- Credential Recovery
- Digital Asset
- Digital Currency Exchange
- F A Hayek
- Fiat Currency
- Identity Custodian
- Medium of exchange
- Store of value
- Unit of measurement
- Web Blog_blogentry_210819_1