Question

Explain what money is according to economics. What is the most surprising thing you learned about money? Explain.

Answer 1

Definition: Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most money degrades in value over time through inflation or the overthrow of governments.

I learned that: To the government, it is nothing more than just a "Trading source."