Money as a Medium of Exchange: Then and Now: Can Technology Be A Facilitator of Exchange?

Money as a Medium of Exchange: Then and Now: Can Technology Be A Facilitator of Exchange?

Amaresh Das

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University of New Orleans

Money as a Medium of Exchange: Then and Now: Can Technology Be A Facilitator of Exchange?

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Abstract

This paper deals with the origin of money through its function as a medium of exchange. Barter can give rise to money through necessitating the use of a standard of value even before calling for the use of a medium of exchange. In a given society at any point in time money is defined in principle simply as the subset of total financial assets and commodities which are actually performing monetary functions. Three main functions are usually suggested. Money is thought to be that which serves as a medium of exchange, standard of value and store of value. Defining money in a particular context would simply involve a judgment as to which items currently possess these properties to a greater or lesser extent. The paper also ascertains whether money originated through its function as a medium of exchange, can explain the dynamics of monetary exchange of most recent days. The paper also ascertains if technological changes can improve the efficiency of the trading process.

References

14 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

Amaresh Das. 2016. \u201cMoney as a Medium of Exchange: Then and Now: Can Technology Be A Facilitator of Exchange?\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 15 (GJMBR Volume 15 Issue B11).

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GJMBR Volume 15 Issue B11

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: E40

D51

Submission ReceivedFebruary 9, 2015
Peer Review Double Blind
Handling Editor
Accepted March 3, 2015
Published March 15, 2015

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v1.2

Issue date

January 4, 2016

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Article Matrices

Total Score: 131

Country: United States

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Amaresh Das (PhD/Dr. count: 0)

View Count (all-time): 186

Total Views (Real + Logic): 4131

Total Downloads (simulated): 2048

Publish Date: 2016 01, Mon

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Total Views: 4131

Total Downloads: 2048

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