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Joined 2 years ago
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Cake day: August 14th, 2023

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  • Money or currency is a way to represent value

    It is a medium of exchange

    Could your boss pay you in cows? Could you take those cows and trade them for a car? Yes but this would be difficult.

    So if your boss gave you a cow voucher “money” and you could trade that for a car, then you wouldn’t have to lug the cows around.

    It facilitates trade

    Why a US dollar, or another currency, has value is a whole other question