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Nov 20, 2018

10 Money Facts Nobody Told You Before

Money, a commodity that has garnered immense attention over the years in every walk of life. To succinctly explain the definition of money in theoretical terms, it is a generally acceptable mode of payment for the use of goods and services, repayments of debts, submission of taxes, etc. Any commodity that is considered to be a medium of exchange, is said to be a unit of account, has a store of value, and functions as a standard of deferred payment is referred to as money. This definition is universally acknowledged and known. However, despite money being a verifiable item that requires no detailed introduction, there are certain facts about money that often ........