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 ...

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 ...

Many of the world's major economies rely on fiat currencies as their primary medium of exchange ... trust in the currency and create financial losses. Fiat money functions as a currency because ...