- What is money? Money is a conceptual model where currency is a tool that applies the idea of money. Money can visualised as equilateral triangle where once vertices is Unit of Account which allows us to do exchange, store the value and it is socially agreeable on the three equal side. There are already two types of currency available in the market
- Commodity Currency which relies on quantum of goods such as sugar, oil etc..
- Fiat currency we use daily,to exchange and buy goods and typically is decreed by government or issued by govt.