The simplest definition of money is a medium of exchange that we use to eliminate the problems associated with bartering. As an economy grows, money develops into a unit of account, where all goods and services can be valued, and markets can efficiently direct resources towards their highest use.
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Of Money and Crypto
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The simplest definition of money is a medium of exchange that we use to eliminate the problems associated with bartering. As an economy grows, money develops into a unit of account, where all goods and services can be valued, and markets can efficiently direct resources towards their highest use.