Mataracy
VIP Contributor
The features that money possess is many as will all know. Money said to be anything that is generally acceptable by people as medium of exchange that is,it is a means of paying for,and measuring the value of,goods and services.
This criteria that money possess makes it clear that money means different things to different societies or cultures.
So whatever its form,money must poses the quality of being converted instantaneously in to other forms of wealth. There are other qualities which distinguish money from other commodities.
I belive that crytocurrency is coming up though its has been used as a means as a medium of exchange but not generally acceptable as a medium of exchange yet.
Did you think that crytocurrency can still possess the quality of money?
This criteria that money possess makes it clear that money means different things to different societies or cultures.
So whatever its form,money must poses the quality of being converted instantaneously in to other forms of wealth. There are other qualities which distinguish money from other commodities.
I belive that crytocurrency is coming up though its has been used as a means as a medium of exchange but not generally acceptable as a medium of exchange yet.
Did you think that crytocurrency can still possess the quality of money?