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Object or tape-record accepted as payment A sample photo of a fictional ATM card. The biggest part of the world's cash exists just as accounting numbers which are moved between monetary computer systems. Numerous plastic cards and other devices offer private consumers the power to electronically transfer such money to and from their bank accounts, without using currency.

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The main functions of cash are identified as: a legal tender, a system of account, a store of worth and in some cases, a standard of deferred payment. Any product or proven record that fulfils these functions can be thought about as cash. Money is historically an emerging market phenomenon developing a commodity money, however almost all contemporary cash systems are based upon fiat cash.

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The cash supply of a nation consists of currency (banknotes and coins) and, depending on the specific meaning used, one or more types of bank money (the balances kept in checking accounts, cost savings accounts, and other kinds of bank accounts). Bank money, which consists only of records (primarily electronic in contemporary banking), types without a doubt the biggest part of broad money in industrialized nations.

The Latin word is thought to originate from a temple of Juno, on Capitoline, one of Rome's seven hills. In the ancient world, Juno was typically related to money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located. This Site "Juno" may have stemmed from the Etruscan goddess Uni (which indicates "the one", "special", "unit", "union", "unified") and "Moneta" either from the Latin word "monere" (advise, warn, or instruct) or the Greek word "moneres" (alone, unique).

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History Using barter-like approaches might go back to a minimum of 100,000 years ago, though there is no evidence of a society or economy that relied primarily on barter. Instead, non-monetary societies operated mostly along the principles of gift economy and financial obligation. When barter performed in fact occur, it was generally in between either total strangers or possible opponents.

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The Mesopotamian shekel was a system of weight, and count on the mass of something like 160 grains of barley. The first use of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used shell cash often, the shells of the cowry (Cypraea moneta L.