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What is Money Actually?


It is an often-asked question, and honestly, I still don’t clearly understand what is money. You see when we had real money; we had no distinction between wealth and money. The notion was that gold/silver, etc., is money. With the advent of paper money, we shifted our notion about money. We said that money is not wealth but a medium of exchange. OK so far so good, but what will happen in future when all transactions will happen electronically and there would be no physical money at all. Your salary will be credited in your account. When you go to shopping, you will make payment through your fi

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What is Money - Definition of Money

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