Money: Difference between revisions
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imported>Anthony Argyriou (start as one-line stub) |
imported>Anthony Argyriou (add some more basic sentences. will expand later) |
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'''Money''' is a medium of exchange. More generally, money is a good which is widely accepted in exchange for other goods. Money has arisen spontaneously in most societies, in their prehistory. | '''Money''' is a medium of exchange. More generally, money is a good which is widely accepted in exchange for other goods. Money has arisen spontaneously in most societies, in their prehistory. | ||
Historically, a wide variety of goods have been used as money, including cattle, shells, grain, precious metals, and decorated paper. | |||
Most governments now regulate money. | |||
Revision as of 17:36, 26 June 2007
Money is a medium of exchange. More generally, money is a good which is widely accepted in exchange for other goods. Money has arisen spontaneously in most societies, in their prehistory.
Historically, a wide variety of goods have been used as money, including cattle, shells, grain, precious metals, and decorated paper.
Most governments now regulate money.