The Characteristics and Functions of Money

2011-07-13 96

Watch all the videos at http://www.goldmoney.com/money-history. Marion Mueller (AEMP), in collaboration with the GoldMoney Foundation, visits the Bundesbank's Geldmuseum (Money Museum) in Frankfurt and explains the many different kinds of money that have existed throughout history: from herd animals, seashells, salt, tobacco, gold and other metal coins, to present day fiat money. She explains all the characteristics which make good money: scarcity, durability, homogeneity, divisibility and transportability. It should also be easy to store and difficult to falsify.