Currency emerged from the contradictory development process of commodity production and commodity exchange.

The roots of money

definition

Two properties

Under different social systems, currencies are generally equivalent, but they embody different social production relations and are used by different ruling classes. This is the essence of currency.

Currency plays the role of a value scale when expressing and measuring the value of commodities.

When currency serves as a medium of exchange during the circulation of commodities, it performs the function of a means of circulation.

As an independent form of value, currency can also withdraw from the circulation field, be stored as wealth, and perform the function of a storage means.

As a means of deferred payment, money performs the function of a means of payment.

Currency serves as a tool for trade settlement and performs the functions of a world currency.

subtopic