The nature of money has always intrigued economists. Money is a tool that holds both material and non-material properties, and can be used to transfer or store value. It can take a form of a real, tangible object, such as a coin or banknote, or non-material — for example, a number that represents value.

Originally, coins were minted out of gold or silver. Gold and silver have their own inherent value, and people using these metals agreed to accept them as payment. Thus the existence of currency implies a certain level of trust in money. Besides, it’s very important for the currency system to be based on limited supply. If money can be created over and over, they lose all value.

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