web3/concepts/money.md

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Money

Money is any item or verifiable record that is accepted as payment for goods and services and repayment of debts and payment of national obligations, such as taxes, in a particular jurisdiction. Issued by a central-banks.

Properties

  • Unit of Account
  • Medium of Exchange
  • Store of Value

Qualities

  • Durability
  • Portability
  • Divisibility
  • Uniformity
  • Limited supply
  • Acceptability