Evolution of money: From physical-based materials to electronic.

Autor: Dewi, Veni Soraya, Setiawan, Agus, Muliawanti, Lintang, Praja, Chrisna Bagus Edhita, Yuliastuti, Fitriana, Pambuko, Zulfikar Bagus
Předmět:
Zdroj: AIP Conference Proceedings; 2023, Vol. 2706 Issue 1, p1-6, 6p
Abstrakt: In the history of human civilization, the material used to create money has changed in conjunction with the advancement of knowledge and the complexity of human life. This study aims to explore the material evolution of money creation as a medium of exchange. The study used a literature review approach to gather information from the Google Scholar, Mendeley, and ScienceDirect databases. This study reveals that human transactions begin with the exchange of goods (barter) and continue with the exchange of goods with agreed-upon valuable commodities (commodity money). The materials used to create money has evolved along with it, starting with gold and silver coins, paper money, electronic money, and cryptocurrencies. The first two are still in use and require materials in creation, whereas the following two are no longer require physical materials in its issuance. Furthermore, money, in all of its physical manifestations, cannot be replaced as a medium of exchange in the present or the future, and its function will continue to expand. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index