Contract corresponding to the equal exchange right of labor force

"Money" is the product of commodity exchange, and it is a currency that is divorced from the commodity world and acts as a universal equivalent. Commonly known as money.

Money is a tool to measure prices, a medium to buy goods and a means to preserve wealth. It is a contract between property owners and the market about exchange rights, and it is essentially an agreement between property owners. Including currency and banknotes in circulation.

Basic meaning

There are still many arguments about the nature of money. There are various concepts of money in economics. At first, it was defined by the function of money, and later it was defined as economic variable or policy variable. Traditionally, money has the following definitions:

Goods generally accepted for payment of goods, services and debts;

Goods as a medium of exchange have standards of value, storage, price and deferred payment;

Excessive supply or demand will cause excessive demand for other assets or supply assets;

Temporary residence of purchasing power;

Liquid assets that do not need to pay interest are the net wealth of the public;

The largest current assets related to national income, etc. ;