Money acts as store of value, unit of account, and medium of exchange, facilitating trade. Fiat currency relies on public trust and economic conditions, unlike commodity money. Key money properties ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The ...

Now here is a book. It instructs and provokes and entertains. Even its mistakes are worthwhile. The secret of “The History of Money” is in the subtitle: “a story of humanity.” For David McWilliams, an ...

A fundamental question has recently been on my mind: What is money? While this might seem straightforward, especially to those in traditional finance, unpacking it reveals deeper questions about money ...

Learned, lively and often irreverent, David McWilliams’s “The History of Money” is rich with surprising details about currency, then and now. By Alexandra Jacobs When you purchase an independently ...