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    0 Replies Latest reply on Jan 24, 2017 8:27 AM by moderator_mel

    Mediums of Exchange

    moderator_mel Tracker

      Fiat currencies provide a measure of value. Essential functions of exchanges should include:

       

      ·         Anti-counterfeiting

      ·         Divisibility

      ·         High Market Value

      ·         Exchanges that are easily recognizable

      ·         Competitive cost of preservation

      ·         Constant utility

      ·         Ease of access

      ·         Maintaining the value of assets

       

      Mediums of exchange must have stable purchasing power. The most recent exchange is “electronic money”. It’s a preferable because it’s difficult or impossible to counterfeit unless the entire system is compromised. What mediums of exchange do you prefer? I look forward to your thoughts. ~Moderator Mel