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Listen "#002 What is Money💸? How Yapanese people used Rai Stones as money?"
Episode Synopsis
Hey guys welcome to Bit-By-Crypto today we gonna talk about what is money? I know you guys might think who does not know about money but this will be great learning for you and we will even talk about the concept of Rai Stones.
Functions of money
Function #1: Medium of exchange
Function #2: Unit of account
Function #3: Store of value
Function #4: Standard of deferred payment
Properties of money
The 6 properties of money are
Durability
Portability
Divisibility
Uniformity
Limited supply
Acceptability
How Yapanese People used Rai Stones as Money?
Functions of money
Function #1: Medium of exchange
Function #2: Unit of account
Function #3: Store of value
Function #4: Standard of deferred payment
Properties of money
The 6 properties of money are
Durability
Portability
Divisibility
Uniformity
Limited supply
Acceptability
How Yapanese People used Rai Stones as Money?
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