If it is true that Yap stones have no nonmonetary usefulness, they would be different from most “primitive” forms of money. Usually an item becomes a medium of exchange after its commodity value—sometimes called intrinsic worth—has been widely established. Lacking intrinsic worth, Yap stones may be an especially useful object of study for students wishing to understand the significance of U.S. ...

The paper examines issues related to the origin of money and transformation its forms, economic legal nature money, provides characteristics "cryptocurrency" digital currencies central banks, including ruble. author makes an attempt define based on obligatory nature. As emphasizes, remaining in captivity traditional approaches (money is a thing, there full-fledged inferior ones, cash but along ...