Money Explained

Money makes the world go round, it seems. In the modern Western economy, money plays an important role. But what is money exactly? What is money used for? Which forms of money are there?

This article has the following chapters:

• What is money?
• What is money used for?
• Money as a medium of exchange
• Money as a unit of account
• Money as a store of value
• Forms of money
• Coins and bank notes
• Balance at the bank
• Electronic money