Money is such a special commodity that it functions as a common equivalent for all other commodities. Money performs its main function in the exchange of general goods

Money is such a special commodity that it functions as a common equivalent for all other commodities. Money performs its main function in the exchange of general goods. In ancient times, various goods performed the role of money, for example, livestock, cattle skins, axes, etc. Later, the role of money was performed by precious metals, because they did not lose their quality and were very useful in replacing money. Money is not just a commodity, it has a social value, that is, it serves as a means of purchasing all goods.

500 euros

Pul (Perso-Tajik) is a copper coin used in Central Asian khanates and some countries in the Middle East. For example, 1 pul was equal to 1/45-1/60 tanga in the 18th-19th centuries in the Kokhan Khanate, 1 pul was equal to 1/40 gold in Bukhara, and 1/40 qiran in Iran until 1932. Money is a special commodity for which all goods and services are exchanged, used as a common equivalent, and represents the value of all other goods; the most basic tool of the market economy. According to its nature, money has 3 different properties: an important means of purchase that can be exchanged for everything, a symbol of wealth, a tool that measures labor in the form of value.

Money performs functions such as exchange, payment, measure of value, accumulation (accumulation of wealth). Measure of value – the amount of value of goods is measured by money. It represents the value of all other commodities; medium of exchange — goods are traded in money; a means of accumulation – money becomes a common form of wealth because it embodies labor. If the producer of goods sells his goods and does not buy other goods with Money, he accumulates Money. In order to accumulate money, it is especially important to preserve the value of Pil; means of payment – occurs in the process of trading of goods, in which payment is made for the goods not at the time of purchase, but after a certain period of time. Money acts as a means of payment when paying for goods and services sold to the nation, when repaying debt. This function of money gives rise to various credit instruments of circulation – promissory notes, checks, banknotes. According to the form of money, it is divided into cash money (in tangible form, i.e. paper, coins) and non-cash money (money that does not have a tangible form, and moves by transferring and recording from one current account in the bank to another). According to the scope of transactions, national money is divided into (mainly valid on the territory of the country), international or inter-country (international) money. There is no specially issued world money, but the role of the common universal means of payment is played by the highest value, freely convertible money. Currently, the US dollar, the British pound, the Japanese yen, and the euro, the currency of the European Union countries introduced into circulation in January 2002, serve as the world currency