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The coins are weights, the actual money is paper or electronic money.
by MadnessASAP 2y ago
The coins are weights, the actual money is paper or electronic money.
- thenthenthen 2y agoHow do you pay 35 cent in paper is still a mystery. But OP just means you can exchange/buy coins (and use them as weights)?
- brianshaler 2y agoYou should be just as mystified about the 4€ component.
- trompetenaccoun 2y agoExcuse the nerdy nitpick, I get the point but technically as far as "actual" money goes that's the coins. Electronic entries in bank ledgers are not legal tender. One can of course go further and question if banknotes and coins should be called actually money. Today the nominal value is completely disconnected from what the metal is really worth, it's not like with gold coins back in the day. And once collective belief in the value is lost fiat money quickly becomes worthless. Zimbabwe and Venezuela are recent examples.
- killingtime74 2y agoHave to correct your nitpick. What you're talking about is currency not money. Not being legal tender doesn't mean it's not money. The majority of money sits as electronic entries in each country's central bank. https://www.investopedia.com/terms/c/currency.asp#:~:text=The%20terms%20money%20and%20currency,one%20tangible%20form%20of%20money https://www.investopedia.com/terms/c/currency.asp#:~:text=Th....
- trompetenaccoun 2y agoTrue. I'm talking about private bank books, the kind of "electronic money" regular people use, which I assume is what the comment above referred to. Since only financial institutions have access to central bank accounts.