what is money...?

Tweet

Money is used a medium of exchange, in final settlement of debt, and as a ready store of value.commodity money value comes from the commodity out of which it is made.fiat money or fiat currency is money whose value is not derived from any intrinsic value or guarantee that it can be converted in to a valuable commodity such as gold. instead, it has value only by government order. commercial bank money or demand deposits are claims against financial institution that can be used for the purchase of goods and services. Hard currency, usually from highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time and to be highly liquid in the Forex market.