Money, Cash
UA RU In the modern financial world, cash, electronic money and cryptocurrency play important but different roles. Despite the differences in form and mechanism of operation, they are interconnected and can be easily exchanged for each other. Let’s figure out how exactly this happens and how this interaction affects our daily lives. Cash and Electronic … Читать далее
UA RU What is cash? Cash is physical money, such as banknotes and coins, that can be used for direct purchases and payments. It is fiat money , which is money that has value because it is recognized and backed by a government, rather than being backed by a commodity such as gold or silver. Examples of cash … Читать далее
UA RU Fiat money is a form of national currency that is not backed by physical assets such as gold or silver. Their value is determined by the government and citizens’ trust in the economic system. The main function of fiat money is to serve as a medium of exchange and a means of storing … Читать далее