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Three Types of Money in One Minute: Commodity Money, Representative Money and Fiat Money*/Currency

One Minute Economics 62 views

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'When people deny to understand the valuable and just-genuine knowledge plus the speaker's brilliance, they unfortunately go into a rock dumping gathering'
Comment from : @trit20

Digital currency?
Comment from : @sp1nks248

I had to literally slow down the speed
Comment from : @aaryaveerdubey1904

You are speaking too fast It's difficult to understand you even with captions
Comment from : @aaryaveerdubey1904

this is a good video it helped me but idk if its me only but hes talking rlly fast but all in all this is great
Comment from : @loujyplays3967

Representative money should be called receipt money
Comment from : @Lard1147

isn't fiat money a commodity itself?
Comment from : @juanpablosanchezaveleyra6454

Amazing video man keep up the good work I'm going to subscribe immediately!!
Comment from : @shaunwolfe7665

The problem with the word currency is that the words currency and money are used interchangeably!
Comment from : @revolutionaryprepper4076

Very nice and short overview, however, it seemed like It was speeding up a bit in the end 🙂
Comment from : @jessieplexer

Sir vedio is nice but it should be slow
Comment from : @geetachache890

"supply and demand with the state's blessing sprinkled in" lol
Comment from : @beeneebunnee569

In the past, People held @ as an investment,brNow people hold @ as a safe haven for protection, brSoon @ and Gold will be the only form of Real Money brSilverToken are Real Money with Real ValuebrConvert while you can
Comment from : @JohnSmith-or5sm

Is token money and fiat money the same
Comment from : @khalidhaz1530

Gold is a claim on the past Only gold is money Debt and notes are a claim on the past Credit Credit is not money
Comment from : @jackgoldman1

its all a game
Comment from : @BluEx22329

great, very simplified, but please speak a bit slower next time
Comment from : @hayatsaid4596

BabybrbrJustin BieberbrbrOoh whoa, ooh whoa, ooh whoabrYou know you love me, I know you carebrJust shout whenever and I'll be therebrYou are my love, you are my heartbrAnd we will never, ever, ever be apartbrbrAre we an item? Girl quit playin'brWe're just friends, what are you sayin'brSaid there's another, look right in my eyesbrMy first love, broke my heart for the first timebrbrAnd I was like baby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby ohbrI thought you'd always be mine (mine)brBaby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby oohbrI thought you'd always be minebrbrOh for you, I would have done whateverbrAnd I just can't believe we ain't togetherbrAnd I wanna play it coolbrBut I'm losin' youbrI'll buy you anythingbrI'll buy you any ringbrAnd I'm in pieces, baby fix mebrAnd just shake me, 'til you wake me from this bad dreambrI'm goin' down, down, down, downbrAnd I can't just believe my first love won't be aroundbrbrAnd I'm like baby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby ohbrI thought you'd always be mine (mine)brBaby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby oohbrI thought you'd always be minebrbrLuda, when I was thirteen, I had my first lovebrThere was nobody that compared to my babybrAnd nobody came between us no one could ever come abovebrShe had me goin' crazybrOh, I was starstruckbrShe woke me up dailybrDon't need no StarbucksbrShe made my heart poundbrAnd skip a beat when I see her in the street andbrAt school on the playgroundbrBut I really wanna see her on the weekendbrShe know she got me dazin'br'Cause she was so amazin'brAnd now my heart is breakin'brBut I just keep on sayin'brbrBaby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby ohbrI thought you'd always be mine (mine)brBaby, baby, baby ohbrLike baby, baby, baby nobrLike baby, baby, baby oohbrI thought you'd always be minebrbrNow I'm gonebrYeah, yeah, yeahbrYeah, yeah, yeah (now I'm all gone)brYeah, yeah, yeahbrYeah, yeah, yeah (now I'm all gone)brYeah, yeah, yeahbrYeah, yeah, yeah (now I'm all gone)brGone, gone, gone, I'm gonebrbrSongwriters: Christopher Bridges / Justin Bieber / Christina Milian / Terius Nash / Christopher StewartbrbrBaby lyrics © Sony/ATV Music Publishing LLC, Warner/Chappell Music, Inc, Universal Music Publishing Group, BMG Rights Management, Kobalt Music Publishing Ltd
Comment from : @sarthaksharma5772

One way to look at fiat is that Fiat money is that represents settlement of the debt itself rather than a certificate redeemable at a later date Paying in cash today is analogous to paying in species (actual gold) back in the day
Comment from : @johnsmith4630