The word money derives from the Latin word moneta with the meaning "coin" via French monnaie. The Latin word is believed to originate … See more

In Money and the Mechanism of Exchange (1875), William Stanley Jevons famously analyzed money in terms of four functions: a See more

The functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, money must be:
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Commodity
Many items have been used as commodity money such as naturally scarce precious metals, conch shells, barley, beads, etc., as well as many other things that are thought of as having value. Commodity money value comes … See more

The use of barter-like methods may date back to at least 100,000 years ago, though there is no evidence of a society or economy that relied primarily on barter. Instead, non … See more

In economics, money is any financial instrument that can fulfill the functions of money (detailed above). These financial instruments together … See more

When gold and silver were used as money, the money supply could grow only if the supply of these metals was increased by mining. … See more