WHAT IS MONEY?

that we do not often consider what it is. It

is a product of the human imagination, and as a human invention it totally depends on trust.

of Hera, located on Capitoline, one of Rome’s seven hills.

Hera was often associated with money.

By the beginning of the 20th century almost all countries

had adopted the gold standard. After World War II, at the Bretton Woods Conference, most countries adopted currencies fixed to the US dollar. Commercial bank money or demand deposits are claims against financial institutions that can be used for the purchase of goods and services.

the Diners Club card, and it could only be used

in 200 restaurants in New York.

credit cards, so people do not have to carry money

with them when they travel. They also use electronic money, that is money exchanged electronically.