<p>Hey guys welcome to Bit-By-Crypto today we gonna talk about what is money? I know you guys might think who does not know about money but this will be great learning for you and we will even talk about the concept of Rai Stones.</p>
<p><strong>Functions of money</strong></p>
<p>Function #1: Medium of exchange</p>
<p>Function #2: Unit of account</p>
<p>Function #3: Store of value</p>
<p>Function #4: Standard of deferred payment</p>
<p><strong>Properties of money</strong></p>
<p>The 6 properties of money are</p>
<p>&nbsp;Durability</p>
<p>Portability</p>
<p>&nbsp;Divisibility</p>
<p>&nbsp;Uniformity</p>
<p>&nbsp;Limited supply</p>
<p>&nbsp;Acceptability</p>
<p>How Yapanese People used Rai Stones as Money?</p>
<p><br></p>

Bit-By-Bit Crypto

Priyaj Mehta

#002 What is Money💸? How Yapanese people used Rai Stones as money?

JUN 13, 202113 MIN
Bit-By-Bit Crypto

#002 What is Money💸? How Yapanese people used Rai Stones as money?

JUN 13, 202113 MIN

Description

<p>Hey guys welcome to Bit-By-Crypto today we gonna talk about what is money? I know you guys might think who does not know about money but this will be great learning for you and we will even talk about the concept of Rai Stones.</p> <p><strong>Functions of money</strong></p> <p>Function #1: Medium of exchange</p> <p>Function #2: Unit of account</p> <p>Function #3: Store of value</p> <p>Function #4: Standard of deferred payment</p> <p><strong>Properties of money</strong></p> <p>The 6 properties of money are</p> <p>&nbsp;Durability</p> <p>Portability</p> <p>&nbsp;Divisibility</p> <p>&nbsp;Uniformity</p> <p>&nbsp;Limited supply</p> <p>&nbsp;Acceptability</p> <p>How Yapanese People used Rai Stones as Money?</p> <p><br></p>