If there’s production there is money. It’s that simple. "Money” is merely an agreement about value among producers that ...

In any case, barter among humans certainly pre-dates the use of money. Today individuals, organizations, and governments still use, and often prefer, barter as a form of exchange of goods and ...

U.S. companies that want to export abroad could have a hard time selling American products and services because foreign ...

But with money, you don’t need to find a particular person. You just need a market in which to sell your goods or services. In that market, you don’t barter for individual goods. Instead you exchange ...

CURRENCY is the primary medium of exchange in the modern world, having replaced the barter system long ago as a means of ...

Owners and managers of firms producing tradable goods prefer greater stability of the exchange rate: in countries with a floating currency, manufacturers are more likely to report that the exchange ...