History Of Money Essay -- essays research papers

What is funds? At first sight the reply to this question seems obvious. A man or woman in the channel would agree on coins and banknote which could be kn testify as checks, for a good or a service scarce would they accept them from all country? They would probably be less willing to accept them than their own countrys coins and notes but bank funds actually accounts for by far the superior proportion by value of the total supply of money. Credit cards and gold are some what different. The gold standard belongs to history but even today in many rich people in different parts of the world would rather keep some of their wealth in the form of gold than in official, inflation-prone currencies. Gold is a taking type of material which led to its use for monetary transactions for thousands of years. only sorts of things have been used as money at different multiplication in different places. Like amber, beads, cowries, drums, eggs, feathers, gongs, hoes, ivory, jade, kettles, lea ther, mats, nails, oxen, pigs, quartz, rice, salt, thimbles, umiacs, vodka, wampum, yarns, and zappozats (decorated axes). It is almost impossible to define money in terms of its physical form or properties since these are so diverse. Therefore any definition must be based on its functions, which are units of account, common measure of value ,medium of exchange, and store of value. So with that in mind money is anything that is widely used for making payments and accounting for debts and credits.Money originated becau...