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For most of human histor y societies have functioned without money. The development of tokens to represent value is a relatively modern development and for thousands of years those tokens were deemed to have an intrinsic value. It is only in the last 500 years or so that money has been represented by tokens with [...]

Money is a commodity that we tend to take for granted. Most of us think of money as cash, but cash is just a small por tion of broad money. Most financial transactions are conducted using checks, electronic transfer of funds or credit cards. Economists have a number of different definitions of money. We do [...]