Today, most people do not understand what money is, and what its essence is. Money itself is useless if people do not consider it a certain value.
Over the long history of mankind, money in its development has changed several forms of its material carriers. People in the course of their activities used a huge number of different types of money.
The modern monetary system cannot exist without money. It covers all monetary relations that are formed in a particular society.
Thus, money is a generally recognized means of payment, which, of course, is accepted when paying for any objects of purchase and sale, when performing any payment transactions, and serves as a means of education and savings accumulation.
Money is a universal equivalent, a universal medium of exchange, an absolutely liquid commodity, through which the value (value) of all other goods produced in the world and services rendered is expressed in accordance with the level of commodity relations.
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