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Today the topic of today's episode is financial, we will talk about currency, economy, payment method and of course the framework of everything - money. Get ready to learn how currencies came about, which currencies were the first, and what the future of payments holds.
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Today I will introduce you to 50 facts about money, after which you will pay cash. While making this episode I learned a lot about #finance and the #history of money. For example: what was mankind's first currency? What goods did they pay for with it? Was it a product or a bargaining chip. In general, when we talk about the #economy, #money and means of payment are involved. 💰 Do you use digital wallets or internet banking? Do you know. that this is the first preliminary step towards a #digital #currency and soon many countries, including the European Union start developing their own digital currencies.
Recent studies show that the more modern concept of money originated in Mesopotamia about 4,000 years ago. There, for the first time, precious metals with a precise value were used. The words banknote and #bank also come from Latin. Bank means bench and note means note. During the Middle Ages in Venice and Genoa, people who exchanged money did so at the port on wooden tables and sat on benches. They took someone's money for safekeeping and gave him a note or note that he could withdraw it again from that bench. There's a lot of #diversity in today's #facts when it comes to topics, but we mainly focus on #finance and money.
Officially, banknotes in Europe came into regular use first in Sweden in 1661 after a curiosity. At one point, due to inflation, the coins that people carried in everyday life reached 5-6 kilograms. Can you imagine 5 kilos in your pocket to shop at the store. But was there #insurance when we talk about any papers with a value determined by the state? Here the answer is yes and that is the gold. Precious metals have always gone hand in hand with currencies. And has there ever been an exchange of #stocks without currencies? Again yes, even the word capital comes from livestock that was traded.
Most banknotes today are made from a mixture of cotton and light, but more and more countries are opting for plastic, such as the Australian dollar, the British pound or the Romanian leu. The advantages are that they do not tear, do not get wet, last longer in circulation and are more difficult to counterfeit. I hope you find the video interesting and order some #food while you watch. You can get together with #family and #friends and watch it together. I wish you a pleasant viewing of 50 facts about money, after which you will pay cash.
Music:
Griphop by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. creativecommons.org/licenses/...
Source: incompetech.com/music/royalty-...
Artist: incompetech.com/