3 task 1 Money, foreign exchange, finance

 1. How are money and currency defined? 

Currency: it's a medium for exchange 

Money: it's a medium of exchange plus a store of value 

2. Differences between currency and money 

The store of value of Money which mantains it's purchasing power over time

3. Their most important characteristics 

Portable, durable, divisible, fungible

4. What is a fiat currency? 

A currency that existe by fiat from a government which is the authorative order that makes a piece of paper an official currency 

5. What is it's characteristics? 

That they are based on confidence and it will always return to it's value zero 

6. What is money and currency used for?

They are used to facilitate the exchange for goods and services

7. What does "store of value" refer to?

Refers to an asset that mantains it's value 

8. What was the currency used in the past? 

The term currency first appeared in the form of calories (shell of a mollusk) used as a form of money 

9. What is the most beautiful way of money? 

Gold

10. What is a solving system?

11. What happens when governments expand the currency supplies? 

Inflation

12. What is a barter? 

It's an exchange of goods/services considered to have the same value

13. What is quantity of easy? 

A currency created out of nothing to keep the banks out of bankrupt (essentially since the crises of 2009)

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

That every time the QEs increase the same results show around the globe, inflation keeps rising 

Reflection: 

The most important aspects I learned is that aou freedom and time is our true health not money because money is a limitation of our own freedom and time