Date of Award


Degree Type


Degree Name

Departmental Honors


Economics and Finance


Most economists would agree that money is a very important part of an economy. It allows people to trade and exchange freely and much more easily than if the economy were left with only the use of barter. Without money it would be necessary for each person to trade one good for another good. It would take time for each person to decide how much of one good would be equivalent to the other good, and each party would need to want what the other party has to offer. The purpose of this paper is to examine different types of money in order to determine which type is the most viable and which best helps an economy facilitate trade.

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Economics Commons