Diapositiva di PowerPoint
What characteristics should a currency have?
- utility: it has a high intrinsic value
- steady value: it has always more or less the same value
- divisible: it keeps its unitary value even in a small amount
- inalterable: it keeps its physical characteristics through time
- transferable: easily to handle
- it can be easily minted (to make coins)
In the past, some different types of metal were used as money. The most important of them was gold.
Gold has all the characteristics that a currency should have:
