money fulfills three basic functions—it serves as medium of exchange, a unit of account, and a store of value. An international currency used among economic agents—that is, persons engaging in ...

Money therefore can be said to be more than a medium of exchange but a store of value. This means that with Sh1000, you can decide to buy shares at the Nairobi Securities Exchange. “You simply ...

In short, money can be anything that can serve as a • store of value, which means people can save it and use it later—smoothing their purchases over time; • unit of account, that is, provide a common ...

Your SoV obsession misses the mark—badly. The biggest aspect of Bitcoin is the medium of exchange. Even though the fiat system increasingly separates money’s functions, that doesn’t mean it should. I ...