Money
At a glance:
- Series: American Indians Ready Reference
- Categories: Economics, Social Science
- Subcategories: Native Americans, American Indians
- Curriculum: American Indian History
- Geographical Location: North America
Article abstract: A variety of monetary systems were developed by American Indians for economic and ceremonial purposes; although these systems differed from European coinage systems, the two shared many features
Money can be defined as a medium of exchange that is used by common consent to pay for goods and services. Money has certain defining criteria: value (worth and desirability), standardization (which may be established by authority or custom), durability, portability, divisibility (it can be separated into parts), stability (its value is relatively...
[The entire page is 482 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
