What is money



A.


coins and paper currency notes



	1. a physical item of value, as a small amount of gold or silver.


	2. in some cases, a legal instrument, such as

		might contain statements such as 'exchangable for 1 ounce of gold'.

		able to obtain other products at a regulated price.


	3. like tokens, such as white plastic tokens for riding trains, etc.




B.


a set of legal rights to conversion to the underlying commodity.

can be transfered to another person through the banking system or by converting to a cash note and transferring the cash note.

bank account records the amount of money (number of rights) held at that bank

for paper currencies, ability to purchase items for the specified price 




C.

In practice, paper currency notes are the same as gold coins (heavy yellow metal used to make jewellery)
