How Is Money Created? | Understanding Fiat Currency
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In a world of contactless credit card payments, paper currency may already seem outdated - but it's only been around for 200 years. On the other hand, bartering, coins, and other forms of exchange date back to ancient Mesopotamia. Discover how we got to fiat currency in this first of a two-part series about money creation. Continue this journey and discover the roles of cryptocurrency and the federal reserve by clicking the button at the end of the video or by following this link: https://youtu.be/-2ffoQTPGl0
This video is from the series Macroeconomics Made Clear, presented by Akila Weerapana
To learn more about macroeconomics, visit http://www.wondrium.com
00:00 Currency in Ancient Civilizations
03:50 Three Main Functions of Money
06:20 The Origin of Paper Currency
09:27 What Is Liquidity?
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