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January 17, 2015

Money, Money, Money (Infographic)

By Principles of Economics & Business

We all know what money is, right? We all use it, we go to work every day to earn it, we pay our bills with it. It's a part of everyday life. However, most people never think about what money really is. How it can be defined, what functions it has and what makes it valuable in the first place.

Generally speaking, money is a set of assets that is commonly used and accepted as payment for goods and services in an economy. So basically everything can be considered money, as long as it fulfills certain criteria. 

To explain this in more detail, we have created an infographic that displays some of the most relevant and interesting facts and figures about money. Take a look:

Infographic - Money: Facts and Figures

Source: Principles of Economics and Business 

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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Item Reviewed: Money, Money, Money (Infographic) Rating: 5 Reviewed By: Econ Matters