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What Money Is And Where Money Is Hiding - Business - Nairaland

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What Money Is And Where Money Is Hiding by AmeLonRo(m): 11:43am On May 13, 2020
WHAT MONEY IS AND WHERE MONEY IS HIDING
Money has been defined by many in many ways. Text book definition says that money is a legal tender. Another says that money is a medium of exchange. The definition that it is a legal tender may not hold much sway. Why? Because what that implies is that the day we all agree that it is not money then it is not money! This is why we have trade by barter in the olden days. Then we had cowries, shells and other items. These mediums of exchange were tedious and new legal tenders had to be introduced. Convenient legal tenders had to be introduced. We later moved to coins money and paper notes. The paper notes were of different denominations based on the inflation rates in the country and the goods being bought and also the financial status of the buyer. Now we also have electronic money in form of cryptocurrencies such as bitcoin, litecoin, MIOTA, Paypal, and many more. The forgoing have shown that the textbook definition of money may change from time to time.
So, what is money?
Money is actually the reward for solving a problem. The moment you are able to solve a problem money will be the reward.
Where is money hiding?
1. Money hides in what you are trained for
2. Money hides in your close contacts
3. Money hides online and offline
4. Money hides in education
5. Money hides outside education
6. Money hides in you
7. Money hides in problems. Some motorists saw a big stone on the motor way. They all stopped to ask who put the stone there. Everyone came out of his/her vehicle to comment on who put the big stone on the way. This dragged for a long time. They kept



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