Markdown
Types of Money - Markdown
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
| code | slug | name | description | category |
| --- | --- | --- | --- | --- |
| 01 | commodity-money | Commodity Money | Money that has intrinsic value from the material itself. | Traditional Money |
| 02 | representative-money | Representative Money | Money that represents a claim on a specific commodity, usually gold or silver. | Traditional Money |
| 03 | fiat-money | Fiat Money | Money whose value is established by government decree. | Modern Legal Tender |
| 04 | banknotes | Banknotes | Paper currency issued by governments or central banks. | Cash Currency |
| 05 | coins | Coins | Currency made of metal. | Cash Currency |
| 06 | deposit-money | Deposit Money | Money held as funds in bank accounts. | Deposit Currency |
| 07 | electronic-money | Electronic Money | Prepaid payment instruments with value recorded and managed electronically. | Digital Currency |
| 08 | cbdc | Central Bank Digital Currency (CBDC) | Digital form of legal tender issued by central banks. | Digital Currency |
| 09 | cryptocurrency | Cryptocurrency | Decentralized digital currency using blockchain technology. | Crypto Assets |
| 10 | stablecoin | Stablecoin | Crypto assets pegged to fiat currencies or assets. | Crypto Assets |