3 Types of Money Commodity, Fiat, Commercial Bank

Content Unlike Commodity Money, Fiat money has no intrinsic value Representative Money Origins of Commodity Money This new type of money is what makes up the non-M0 components in the M1-M3 statistics. However, for most of history, almost all money was commodity money, such as gold and silver coins. The advent of cryptocurrencies has spurred … Baca Selengkapnya