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Money: Role, Forms, Functions - Coggle Diagram
Money: Role, Forms, Functions
Money
Item that is accepted as payment for sth
Today
Paper bils
Metal coins
In past
Beads
Shells
Dog's teeth
Cattle
Stones
Functions
A means of exchange
For trade and services
Some people use barter
Store of value
To save wealth
A standard of value
To compare the worth of sth
Fiat money
State-issued
Without intristic value
Paper bills and metal coins - currency
Near money
Time deposit
Credit cards
Insurance policies
Stocks
Bond
Money helps to compare value
People are often judged by their income
People have their own values