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What is your understanding of Money, and how would you define it?

in10RjFox
M
23 replies 40 views Mar 30, 2020
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SW-User
Money is the value, currency is the medium.
+ 0 · Reply · Translate · Mar 30, 2020
in10RjFox · M
@SW-User Value of what ? is it a commodity ?
+ 1 · Reply · Translate · Mar 30, 2020
SW-User
@in10RjFox Money is a store of value, it is not a commodity in itself. It is not tangible, whereas currency is.
+ 0 · Reply · Translate · Mar 30, 2020
in10RjFox · M
@SW-User again store of value is ambiguous.. value of what?
+ 1 · Reply · Translate · Mar 30, 2020
SW-User
@in10RjFox Is this an exam? Google exists you know 🤔
+ 0 · Reply · Translate · Mar 30, 2020
in10RjFox · M
@SW-User kinda exam .. as to how people have perceived money .. lets say a survey.. So you don't know.. and that's what I wanted to know..
+ 1 · Reply · Translate · Mar 30, 2020
SW-User
@in10RjFox What I know and what I need to explain to you are two different things, my friend 😊
+ 0 · Reply · Translate · Mar 30, 2020