SolidGrue@lemmy.world to Showerthoughts@lemmy.worldEnglish · 1 day agoMoney. Why does THAT work?message-squaremessage-square22fedilinkarrow-up138arrow-down19file-text
arrow-up129arrow-down1message-squareMoney. Why does THAT work?SolidGrue@lemmy.world to Showerthoughts@lemmy.worldEnglish · 1 day agomessage-square22fedilinkfile-text
What even IS “currency,” when you get right down to it? Don’t tell me about the little green papers. Not when there’s AMEX.
minus-squareSludgeyy@lemmy.worldlinkfedilinkarrow-up9·15 hours agoMoney or currency is a way to represent value It is a medium of exchange Could your boss pay you in cows? Could you take those cows and trade them for a car? Yes but this would be difficult. So if your boss gave you a cow voucher “money” and you could trade that for a car, then you wouldn’t have to lug the cows around. It facilitates trade Why a US dollar, or another currency, has value is a whole other question
Money or currency is a way to represent value
It is a medium of exchange
Could your boss pay you in cows? Could you take those cows and trade them for a car? Yes but this would be difficult.
So if your boss gave you a cow voucher “money” and you could trade that for a car, then you wouldn’t have to lug the cows around.
It facilitates trade
Why a US dollar, or another currency, has value is a whole other question