Shangming Wang
Abstract
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It has long been a debate about the nature of currency without a consistent conclusion. From the aspects of the generation, purpose, and form transformation of currency, this article discusses that currency’s basic function is "exchange medium", and points out that "credit" is the nature of currency.
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It has long been a debate about the nature of currency without a consistent conclusion. From the aspects of the generation, purpose, and form transformation of currency, this article discusses that currency’s basic function is "exchange medium", and points out that "credit" is the nature of currency.
Key concepts: Currency, Foreign exchange risk, Function (biology), Monetary economics, Transformation (genetics), Devaluation, Economics, Business