Basics of Trading and Finance (Part 14) : What is MONEY
Intro
IntroAs a moderator of the Tron Fan Club community, I regularly write various tutorials on crypto blockchain and Tron related matters. The main purpose of these tutorials is to make our new users aware of these topics. In continuation of that I am writing tutorials on trading and finance. Hope you can easily learn some details of trading and finance through this tutorial series.
In last three tutorials, I have discussed Coin, Token, and Crypto. Today, I am going to talk about money. Money is a medium of exchange that is used to buy goods and services. It is an essential part of our modern economy and plays a critical role in our daily lives. Without money, it would be difficult to buy the things we need to survive.
Money comes in many forms, including coins, paper bills, and digital currency. It has evolved over time, with various types of currency used throughout history. Money in recent form was not as it in previosu times. For example, ancient civilizations used items such as shells, beads, and even livestock as a form of currency. Gradually the system has updated and turned to gold coin, silver coin then note. Money is its ability to serve as a store of value. Money can be used to save and accumulate wealth over time. Money can be stored in banks or invested in assets like stocks or real estate in order to grow in value. In modern money devaluation is occurred with inflation of the system as it is note.
Money also functions as a unit of account. It is used to measure the value of goods and services. Prices are expressed in terms of a monetary unit. Money is allowing people to compare the value of different goods and services. In addition to its use as a means of exchange, store of value and unit of account, money can also be used as a tool for economic policy. Beside the fiscal policy most of the governments can use monetary policy like adjusting interest rates or controlling the money supply to influence the economy and manage inflation.
Money can also be a source of stress and worry for many people. Financial insecurity and debt can cause significant stress and anxiety. On the other hand lack of money is also problem because money means conversion to asset. Lack of money can limit people's access to basic necessities like food, shelter, and healthcare. It is basically an essential part of our modern economy. Money plays a critical role in our daily lives. It serves as a means of exchange, store of value, and unit of account, and can also be used as a tool for economic policy.
Click to Join our Discord Server
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Nice to know more about MONEY. I got to know a lot of details through you today. Best wishes to you.
Money has changed over time. In earlier periods, stones and other items that could be counted were used as currency. Coins were then introduced, and paper was later originated. At the moment, I believe that digital/crypto are the way of the future for money.
Ya. Exactly
You have shared an important post that explains what money is to us.
Thanks for sharing this post with us 😊👍