CashLingo - Learn Money, Like a Game

Commodity Money - Money that is made of valuable goods like gold, silver, or iron

Fiat Money - Modern money made of paper or digital numbers

Jiaozi - World's first paper money (Song Dynasty)

Gold Standard - A system linking money's value to gold

Credit - Trust - the foundation of modern money

Reserve Requirement - Minimum amount banks must keep

Liquidity - Amount of money circulating in the economy

Central Bank - Bank that issues a country's currency

The Nature of Money