12∞ · Question 10.1.1
What is money, really?
An agreement. Money is whatever a community accepts in exchange for goods and work, and it holds value only because people trust that others will accept it tomorrow.
From the book 12∞ Twelve to Infinity by D.R. Davenport. The full answer is free to read with an iBelieve account.
Where it sits in the book
- Part
- 10: Money, Energy, Work, and Abundance
- Gate
- 10.1: What Money Is
- In print
- Page 324
- 10.1.2 → · What is the difference between price and value?
- All of Part 10
Topics
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