What is Money? 🤔 To Understand Money We Must Understand the Properties of Money! 🪙💰💵💳🤑

Money has 7 Essential Characteristics: Durability, Stability, Portability, Divisibility, Uniformity, Scarcity, and Acceptability.
Money that embraces more of these attributes than the money before it becomes the Harder Money. In every situation where a Harder Money was discovered, the Harder Money eventually replaces the previous Money.

Money serves as a medium of exchange, as a store of value, and as a unit of account.
Money may or may not have intrinsic value.

Original Video by Ioni Appelberg: https://youtu.be/12zBLvoVRFQ

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