{"id":412,"date":"2022-09-27T14:21:48","date_gmt":"2022-09-27T14:21:48","guid":{"rendered":"https:\/\/dailybodh.com\/growth\/?p=412"},"modified":"2022-09-27T14:21:50","modified_gmt":"2022-09-27T14:21:50","slug":"5-types-of-money","status":"publish","type":"post","link":"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/","title":{"rendered":"\u00a05 Types of money"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;412&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;25&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;5&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;5\\\/5 - (25 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;\u00a05 Types of money&quot;,&quot;width&quot;:&quot;142.5&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 142.5px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            5\/5 - (25 votes)    <\/div>\n    <\/div>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Introduction_Types_of_money\" >Introduction (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Commodity_money_Types_of_money\" >Commodity money (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Representative_money_Types_of_money\" >Representative money (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Fiat_money_Types_of_money\" >Fiat money (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Direct_exchange_Types_of_money\" >Direct exchange (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Indirect_exchange_Types_of_money\" >Indirect exchange (Types of money)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/dailybodh.com\/growth\/make-money\/5-types-of-money\/#Conclusion_Types_of_money\" >Conclusion (Types of money)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_Types_of_money\"><\/span><strong>Introduction (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564.jpg\" alt=\"Types of money\" class=\"wp-image-414\" width=\"794\" height=\"1123\" title=\"\" srcset=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564.jpg 1587w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-212x300.jpg 212w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-566x800.jpg 566w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-768x1086.jpg 768w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-1086x1536.jpg 1086w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-1448x2048.jpg 1448w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-1024x1449.jpg 1024w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T061500.564-150x212.jpg 150w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><figcaption><strong>Introduction (Types of money)<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">Types of money. Money is the most important thing in your life and it&#8217;s a lot more than just a currency.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"> It can be used to buy and sell anything, from houses to cars, food items like apples and oranges or even what kind of toilet paper you use.<\/p>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Commodity_money_Types_of_money\"><\/span><strong>Commodity money (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Types of money. Commodity money is a type of fiat money that has been used in many countries. Examples include gold, silver and copper.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Commodity money is different from fiat money because it&#8217;s not backed by a specific government or central bank. Instead, commodity-based currencies are based on the value of a particular item (like gold) and how much demand there is for it<\/p>\n\n\n\n<p class=\"has-medium-font-size\">\u2014which means they can go up or down depending on what people want to buy with their dollars. <\/p>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Representative_money_Types_of_money\"><\/span><strong>Representative money (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124.jpg\" alt=\"Types of money. \" class=\"wp-image-416\" width=\"794\" height=\"1123\" title=\"\" srcset=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124.jpg 1587w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-212x300.jpg 212w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-566x800.jpg 566w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-768x1086.jpg 768w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-1086x1536.jpg 1086w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-1448x2048.jpg 1448w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-1024x1449.jpg 1024w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T060652.124-150x212.jpg 150w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><figcaption><strong>Types of money. <\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">Types of money. Representative money is a type of money that represents an asset and has no intrinsic value. It is used to represent value, <\/p>\n\n\n\n<p class=\"has-medium-font-size\">such as gold bars, which have value because they contain a certain amount of gold. This form of non-monetary currency also includes items like checks and credit cards.<\/p>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fiat_money_Types_of_money\"><\/span><strong>Fiat money (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Types of money. Fiat money is money that isn&#8217;t backed by an asset. It can be issued by a government decree and is often used to pay tax and transfer funds. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">Examples of fiat money include the U.S. dollar, the British pound and other currencies around the world.<\/p>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Direct_exchange_Types_of_money\"><\/span><strong>Direct exchange (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Direct exchange is a simple transaction between two parties in which one person offers something of value to another person, and they agree to trade the item.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">For example, you might offer your friend $5 in exchange for their copy of The Economist magazine (if you&#8217;re reading this in 2019).<\/p>\n\n\n\n<p class=\"has-medium-font-size\"> In this case, it&#8217;s called direct exchange because there isn&#8217;t any intermediate step between the two people\u2014you&#8217;re just exchanging money directly with your friend.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Direct exchange can also happen through bartering: if I have some food I want to buy from my local market but don&#8217;t have enough money on hand at the time, <\/p>\n\n\n\n<p class=\"has-medium-font-size\">I could offer some eggs or oranges as payment for my groceries instead of using cash or <a href=\"https:\/\/en.wikipedia.org\/wiki\/Credit_card\" target=\"_blank\" rel=\"noopener\">credit card<\/a>. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">This type of trade requires minimal effort on both parties&#8217; parts because both parties know what each other needs (eggs vs. cash) and how much value each product has relative to its costs\/wages etc., making it easy for them both!<\/p>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indirect_exchange_Types_of_money\"><\/span><strong><strong>Indirect exchange (Types of money)<\/strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811.jpg\" alt=\"Indirect exchange (Types of money)\" class=\"wp-image-419\" width=\"794\" height=\"1123\" title=\"\" srcset=\"https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811.jpg 1587w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-212x300.jpg 212w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-566x800.jpg 566w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-768x1086.jpg 768w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-1086x1536.jpg 1086w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-1448x2048.jpg 1448w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-1024x1449.jpg 1024w, https:\/\/dailybodh.com\/growth\/wp-content\/uploads\/2022\/09\/How-to-earn-money-online-with-google-2022-09-26T063445.811-150x212.jpg 150w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><figcaption><strong><strong>Indirect exchange (Types of money)<\/strong><\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">Indirect exchange is a type of money that\u2019s used to purchase goods and services.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"> Indirect exchange involves using one type of money to pay for another type of money. For example, if you want to buy something on credit (like a car or apartment), you\u2019ll need to pay back what you owe with interest in the form of a loan payment over time.<\/p>\n\n\n\n<p>So if you have $100 and want to purchase something at an online store for $50, then there are two ways this transaction could take place:<\/p>\n\n\n\n<ul class=\"has-medium-font-size wp-block-list\"><li>You could use your debit card and make sure that the amount comes out exactly as per the sales receipt at checkout; or<br><\/li><li>You could write a check for $50 and send it through snail mail; both methods show up as direct exchanges because they involve paying directly from one person&#8217;s account balance into another person&#8217;s account balance.<\/li><\/ul>\n\n\n\n<h2 class=\"has-large-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_Types_of_money\"><\/span><strong>Conclusion (Types of money)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">There are many different types of money, and they can be used in many different ways. But no matter what type of money you choose to use, it\u2019s important that you understand the ins and outs before making any purchases or investments.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Hope you have got complete information about &#8221;Types of money&#8221;.<br>To know about &#8221;<a href=\"https:\/\/dailybodh.com\/growth\/make-money\/earn-money-online-13-ways\/\">How To Earn Money From Online<\/a>&#8221; Click Here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction (Types of money) Types of money. Money is the most important thing in your<\/p>\n","protected":false},"author":4,"featured_media":413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[248,250,253,251,249,252],"class_list":["post-412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-make-money","tag-different-types-of-money","tag-forms-of-money","tag-money-personality-types","tag-money-types","tag-types-of-money","tag-types-of-money-supply"],"_links":{"self":[{"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/posts\/412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":0,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/media\/413"}],"wp:attachment":[{"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailybodh.com\/growth\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}