Money is used on a daily basis for economic transactions. But what is money and where does money come from? Those are two very simple questions yet most people do not know the answers.
Money facilitates economic transactions as it allows people to use a common accepted form of perceived value to settle purchases and debts. It is much more convenient to use a currency for the purchase of goods and services than it is to find somebody that is willing to barter something you have in exchange for what you need from them. It certainly makes sense that money adds convenience to economic transactions. But this still didn’t answer the question of what money is and where money comes from.
To find the answers to those questions and to learn more about the history of money you can watch this animated and very informative documentary called Money As Debt.
