Paper money is so known as fiat money and determined only through supply and demand.
BANK
Debit card,credit card are examples of Representative money.
Unlike Physical money, cryptocurrencies are decentralized, which means not issued by governments or other financial institutions.
Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services. The printing of paper money is typically regulated by a country's central bank or treasury in order to keep the flow of funds in line with monetary policy.
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Is barter system better than paper moeny?
Representative money is government-produced money backed by a physical commodity such as precious metals. Other forms of representative money are still in place, including financial instruments like checks and credit cards.
In barter, it it difficult to find a person who wants to buy what exactly the seller needs to sell. So paper moeny is better
Ok Ma'am.
A cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring.
Yes, Thank you Teacher.
I hope all of you have understood the history of barter system to cryptocurrency.
Thank you Teacher.
Thank you, Teacher.
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