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Line 1: − A bartering tool, usually backed by some form of precious metal, that is perceived by others to have value and is used to acquire desired items.+ + + + + + + + +
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==Economic Properties of Money==
Money is defined as something which serves as a means of exchange, a store of value, and a unit of account. The currency which serves as money may be backed by some tangible commodity, or may be fiat money. Alternatively, trade may be carried on using commodity pay, wherein existing commodities are assigned exchange values but not explicitly designated as money.
==Money Neutrality and the Money Market==
Money may be viewed as neutral or non-neutral regarding the real economy; it is disputed whether changes in the money market cause changes in real markets. The money market itself consists of a money supply (typically fixed for any given period) and a demand function for money. Because the quantity of money is typically exogenously given, the only variable determined in the money market is the price of money.
==Money in the Bible==
The use of money has to be approached with care.
The use of money has to be approached with care.