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In today’s world we all use money on a every day basis. Have you ever stopped to think what money as a matter of fact is?

• Money is a source of exchange

• It's a unit of account

Money is a source of exchange.

All throughout history on that point has been an exchange system in base. One example is Rome back in 550 B.C.E, salt was exchanged for goods.

Originally a conch shell, which is a maritime mollusc with a large brightly coloured spiral, was used in exchange for goods.

Here is the point.

Any object can be used in exchange for goods. Once this object is used to barter goods, it is a medium of exchange. When trust is built up in this object it leads it to go important and valued. It then goes a “money system”.
What about the object we use today?
As we have just said, salt was exchanged for goods; today we use coins and notes.
These coins and notes are recognised “objects” which are accepted in society and believed.
This leads on to the second detail.
Money is a unit of measurement of account.
What does this think?
It is how the “target” is measured or valued- It is what it is worth.
For example, a car sales person wants to sell a second hand car. He couches a value on the car for £2000. A customer walks into the car show room and asks “how much”. £2000 answers the sales man. This price has become the unit of account statement; it is valued or measured at that price. In other cultures the unit of measurement may be a different object. E.g. if goats is the trusted “object” for the exchange, then instead of that motor car having a market value of £2000 it might 100 goats!
• It's a store useful
• Money isn't real
The third point is money must be a store of value.
The “object” must have a market value that can be stored for next use.
For example, a man who sells lap tops has in his ownership one hundred lap tops which he can sell for future trade. This is beneficial for him because he has a store of market value, when he sells the lap tops he will add value to his business and himself.
Maybe you keep a cash box at home. The currency in the box holds market value and can be used in a future date. The currency is a store of value.
Is money real?
Here’s the thing, money is not real. How come is this info?
We have already discussed that money systems are only “objects” which are sure and acceptable.
If you lived in a culture where goats were the “object of exchange” would you view them as real money?
Money is the body of value. This value is decided within ourselves. For example, take 2 people.
One man loves the old silent movies the other man does not. They are both offered an original silent movie film. The film buff is so excited at the thought of owning this film he offers £1000 to buy it. The other man offers £10 because he does not hold any value to the item. See the difference; it comes down to internal value on an item.
If money was real they would have as is value.
Also read back to the first three questions, it mentions about the personal note value on an object.