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Money: coins and banknotes

In this article:
  • Money
  • 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
  • The most common forms of money you can touch and hold as a physical object are coins and bank notes. The latter is also called paper money. But it could also be a gift certificate or any other object that represents value to more than one person.

    The main difference with money as a bank balance is that coins and bank notes are anonymous. You can't tell from looking at a coin or bank note who owns it or where it came from.

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