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:
Labels: Economics, Infographic, Money