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  2. Commodity money - Wikipedia

    en.wikipedia.org/wiki/Commodity_money

    In commodity money, the coin retains its value if it is melted and physically altered, while in a fiat money it does not. Usually, in a fiat money the value drops if the coin is converted to metal, but in a few cases the value of metals in fiat moneys have been allowed to rise to values larger than the face value of the coin.

  3. Money - Wikipedia

    en.wikipedia.org/wiki/Money

    Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. [4] Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must ...

  4. Value (economics) - Wikipedia

    en.wikipedia.org/wiki/Value_(economics)

    Value for money is often expressed in comparative terms, such as "better", or "best value for money", [1] but may also be expressed in absolute terms, such as where a deal does, or does not, offer value for money. [2] Among the competing schools of economic theory there are differing theories of value.

  5. Store of value - Wikipedia

    en.wikipedia.org/wiki/Store_of_value

    Money is well-suited to storing value because of its purchasing power. [3] It is also useful because of its durability. [4] Because of its function as a store of value, large quantities of money are hoarded. [5] Money's usefulness as a store of value declines if there are significant changes in the general level of prices. [6]

  6. What is the time value of money? - AOL

    www.aol.com/finance/time-value-money-204611483.html

    The time value of money is the idea that receiving a given amount of money today is more valuable than receiving the same amount in the future due to its potential earning capacity. If you invest ...

  7. Monetary system - Wikipedia

    en.wikipedia.org/wiki/Monetary_system

    The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...

  8. Crypto surge partially reflects less trust in government ...

    www.aol.com/finance/crypto-surge-partially...

    Otherwise known as fiat money, its value is derived from the government deeming it an acceptable form of payment. "I think a central bank digital currency would be a monopoly that would be terrible.

  9. Gresham's law - Wikipedia

    en.wikipedia.org/wiki/Gresham's_law

    Under Gresham's law, "good money" is money that shows little difference between its nominal value (the face value of the coin) and its commodity value (the value of the metal of which it is made, often precious metals, such as gold or silver). [4] The price spread between face value and commodity value when it is minted is called seigniorage.