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The History of Money (From Barter To Bitcoin)
Money. We all use it. But is it real? I mean, you can touch a coin or bill, but who decided that’s worth anything? And what about all those 1’s and 0’s getting swapped and traded by computers thousands of times per second? How are those...
ACDC Leadership
Functions of Money- Macro Topic 4.3
A quick reminder of the fuctions of money: medium of exchange, store of value, and unit of account.
Curated Video
The History of Money: From Barter System to Banks
Explore the evolution of money from its origins in the barter system to the development of commodity money, representative money, and eventually fiat money. Understand the functions of money in the economy and how different forms of...
ACDC Leadership
3 Functions of Money
A quick reminder of the fuctions of money: medium of exchange, store of value, and unit of account.
Khan Academy
Khan Academy: Commodity Money vs. Fiat Money
This video [8:18] is a brief look at how money has evolved over time from being printed on valuable substances (commodity money), to merely representing those valuable substances (commodity-backed money), to not representing anything at...