The Basic Principles Of moneyphp/money: PHP implementation of Fowler's  - GitHub

Object or record accepted as payment A sample image of a fictional BANK CARD. The biggest part of the world's money exists only as accounting numbers which are transferred in between monetary computer systems. Numerous plastic cards and other gadgets provide specific consumers the power to digitally transfer such money to and from their checking account, without using currency.

The main functions of money are distinguished as: a circulating medium, a unit of account, a store of worth and often, a requirement of deferred payment. Any product or proven record that satisfies these functions can be considered as cash. Money is historically an emerging market phenomenon establishing a product money, but almost all contemporary money systems are based on fiat cash.

The money supply of a country includes currency (banknotes and coins) and, depending on the particular meaning utilized, several kinds of bank money (the balances held in checking accounts, savings accounts, and other kinds of savings account). Bank cash, which consists just of records (mostly computerized in modern-day banking), kinds by far the largest part of broad money in industrialized nations.

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The Latin word is thought to stem from a temple of Juno, on Capitoline, one of Rome's seven hills. In  Full Article , Juno was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome lay. The name "Juno" may have originated from the Etruscan goddess Uni (which implies "the one", "special", "system", "union", "united") and "Moneta" either from the Latin word "monere" (advise, caution, or instruct) or the Greek word "moneres" (alone, unique).

History The usage of barter-like techniques might go back to at least 100,000 years ago, though there is no evidence of a society or economy that relied primarily on barter. Rather, non-monetary societies ran largely along the concepts of gift economy and debt. When barter did in truth take place, it was generally in between either total strangers or potential opponents.

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The Mesopotamian shekel was a system of weight, and count on the mass of something like 160 grains of barley. The first usage of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used shell money often, the shells of the cowry (Cypraea moneta L.