INI
Types of Money - INI
Types of money are classified by physical form, issuing authority, and value backing. Modern money has diversified from cash currency (fiat money) such as banknotes and coins, to deposit currency as bank deposits, electronic money issued by private companies, digital currencies issued by central banks (CBDC), and crypto assets (virtual currencies) utilizing blockchain technology. Understanding the characteristics, issuers, and circulation mechanisms of each type is essential for grasping the workings of the modern economy.
money
currency
banknotes
coins
electronic money
cryptocurrency
fiat money
CBDC
[item.commodity-money]
code=01
slug=commodity-money
name=Commodity Money
description=Money that has intrinsic value from the material itself.
category=Traditional Money
[item.representative-money]
code=02
slug=representative-money
name=Representative Money
description=Money that represents a claim on a specific commodity, usually gold or silver.
category=Traditional Money
[item.fiat-money]
code=03
slug=fiat-money
name=Fiat Money
description=Money whose value is established by government decree.
category=Modern Legal Tender
[item.banknotes]
code=04
slug=banknotes
name=Banknotes
description=Paper currency issued by governments or central banks.
category=Cash Currency
[item.coins]
code=05
slug=coins
name=Coins
description=Currency made of metal.
category=Cash Currency
[item.deposit-money]
code=06
slug=deposit-money
name=Deposit Money
description=Money held as funds in bank accounts.
category=Deposit Currency
[item.electronic-money]
code=07
slug=electronic-money
name=Electronic Money
description=Prepaid payment instruments with value recorded and managed electronically.
category=Digital Currency
[item.cbdc]
code=08
slug=cbdc
name=Central Bank Digital Currency (CBDC)
description=Digital form of legal tender issued by central banks.
category=Digital Currency
[item.cryptocurrency]
code=09
slug=cryptocurrency
name=Cryptocurrency
description=Decentralized digital currency using blockchain technology.
category=Crypto Assets
[item.stablecoin]
code=10
slug=stablecoin
name=Stablecoin
description=Crypto assets pegged to fiat currencies or assets.
category=Crypto Assets