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Commodity money is to be distinguished from representative money which is a certificate or token which can be exchanged for the underlying commodity, but only as the trade is good for that source and the product. A key feature of commodity money is that the value is directly perceived by the users of this money, who recognize the utility or beauty of the tokens as they would recognize the goods themselves. That is, the effect of holding a token for a barrel of oil must be the same economically as actually having the barrel at hand. This thinking guides the modern commodity markets, although they... Read More.

Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014

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Апрель 19, 2014