In this video i learned about the types of money and the functions of it. There are three types of money and there are three functions of money. The three types of money are
commodity money which has been around the longest,
representative money for example the gold and silver standard, and then we have
fiat money which is the one we use currently. The three functions are
medium of exchange which means exchanging money for goods,
store of value which is storing money and it still having some sort of value later on, and lastly we have
unit of account which means we pay th more value it has. This lady's voice is strange though.
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