I think you’ve answered your own questions. Money doesn’t have to be actual cash it can be bartering, I.e. I’ll give you five carrots in exchange for your help to build this barn
But what if they don’t need carrots right now, well you can give them a IOU for carrots whenever they want, and now you’ve invented money
I think you’ve answered your own questions. Money doesn’t have to be actual cash it can be bartering, I.e. I’ll give you five carrots in exchange for your help to build this barn
But what if they don’t need carrots right now, well you can give them a IOU for carrots whenever they want, and now you’ve invented money
Sorry but this is a primary schools‘ view on money. I know this is how it been taught at school and this is entirely wrong.