NUA: 415306

Watch the video, answer the following questions.

1.  How are money and currency defined?

    Money is a tool to exchange your time, it is where you deposit your economic energy, while currency     is an imposter that steals our time and freedom.

2. What are the differences between currency and money?

    Currency is a medium of exchange and money is equal to currency, adding to it the quality of being a     long-term deposit of money.

3. What are their most important characteristics?

    Money: Money has the same characteristics of currency but is also a long-term store of value.

    Currency: Medium of exchange, a unit of account, durable, divisible, portable, fungible.

4. What is a Fiat currency?

    They are currencies that exist at the disposal of a government that have no support other than faith in     it.

5. What are its characteristics?

    This coin has no backing.

    It does not have value.

6. What is money and currency used for?

    They are instruments to exchange for goods or services of our interest.

7. What does “store of value” refer to?

    It is an asset that maintains its value in the long term, an example as we have already seen is money.

8. What was the currency used in the past?

    The currency used was gold and silver, these were exchanged for different products.

9. What is the most beautiful way of money?

    The most beautiful way of money is in gold.

10. What is a “solving system”?

    It is the way in which the government controls the amount of money that is printed so that it remains     stable and does not devalue.

11. What happens when governments expand the currency supplies?

    When the government expands the supply of foreign currency, inflation occurs, so prices will rise.

12. What is barter?

    It was the way to exchange different products or services, you exchanged what you had for what you     needed.

13. What is Quantity of Easy?

    It is a currency created and delivered to the banks to be paid for the collapse of the economy

14. What is the tendency of QEs around the world?

    Countries have been continually expanding their supply of foreign exchange.

Reflection.

It is interesting to see the evolution that money and currency have had, from barter, through the use of gold and silver to using paper money.

it is also important to differentiate between currency and money. also I find the fiat currency interesting and the knowledge that it does not have any support, without a doubt it is an issue that gives much to talk about.