Money moves the world!
Because of this, many people tend to go to work for a salary, play the lottery, decide for economic convenience or are limited by lack of money. But, at some point in your life you have asked yourself: What is money?
I explain, for something to be considered money, it must fulfill these 4 functions:..
1..Be a unit of account and price pattern:
It refers to each service or product that is offered in the market. It can be identified as a number of that asset: dollars, pesos, euros, BTC, among others.
2...Be a means of exchange:
It is accepted by people as a way to transfer value between them. You can pay wages in exchange for work or buy goods and services with it.
3...Be a means of payment:
It implies that businesses accept it as a way to receive the value that is delivered in the products or services they sell.
4...Be a store of value:
We can save it in order to maintain your purchasing power in the future and safeguard your wealth....
Conclusion : let's keep in mind that money is the most liquid financial asset . That is, the one that can be converted faster and easier into a payment method....