Money has functions four: a medium, a measure, a standard, a store This famous couplet sums up what money or currency is. Money is the measure of value, medium of exchange, the standard of value and a store of value. From the time of the Vedas till the present day, whatever humanity chose to use as money, whether they are Cows or Bitcoins, they did so because the commodity so chosen could perform the above four functions, some to a larger and some to a smaller measure. It is interesting to notice what was used as Money down the ages: Cattle The oldest form of currency was cattle. The Upanishads mention Cows with their horns adorned with gold coins being given to Brahmins at the end of the sacrifice. It is continued to this day, as a payment for conducting the funeral rites, though the priest seeks a cash equivalent of the cow, preferably as a UPI transfer! Dowries were paid in India, till recently, in cows and other livestock. Ancient Roman records sh...
Tell all the truth Tell it slant Just as lightening explained To children kind Or every man be blind