understanding of money
If talking about money, it will appear the question of what objects can be said money and what objects can not be said money? Money needs to be defined and formulated appropriately, as we will discuss more about the money supply and its behavior. However, it is impossible to obtain a form of answer that can explain this very basic question.
The word or term money is neither new nor familiar to us, because all levels of society have known and understood correctly that money is a tool used in exchange and payments on every economic transaction undertaken. But it happens naturally without being based on a true concept of understanding. What the money really is, how the money comes from, how the wider function of money is, and how the role of money in the life of modern society and so forth.
italic is indeed a strange and absolutely real fact that although money is an economic subject that first attracts the attention of intelligent people, and that is the main focus of economic research, but until now there has been no sign of agreement or agreement about what the word should mean (money). The business world uses the term money in some sense, while among economists the notion of different money is almost as much as the meanings used by the writers italic
That is put forward by various experts
What money says is
- Everything that is received but as a means of payment for goods (robertson)
- Anything generally accepted to pay the debt (R.S. Saters)
- Anything generally accepted to be used as a medium of exchange (A.C. Pigou)
- Wealth by which the owner can repay his debt in a certain amount at that time (Albert Gailort Hart)