Learn MXNET with Real Code Examples
Updated Nov 24, 2025
Explain
Money enables people to trade goods and services efficiently without relying on barter.
It serves as a measure to compare the value of different products or services.
Money can take multiple forms, including coins, banknotes, digital currency, and electronic balances.
Core Features
Medium of exchange: used to buy and sell goods/services
Store of value: retains value over time
Unit of account: standard measure of value
Liquidity: easily converted to goods or services
Legal tender: recognized by governments and law
Basic Concepts Overview
Fiat money: currency backed by government decree
Commodity money: money backed by a physical good (gold, silver)
Cryptocurrency: digital assets secured by cryptography
Liquidity: ease of converting money into goods/services
Inflation: decrease in purchasing power over time
Project Structure
Income sources: salary, business, investment
Expenses: living, operational, discretionary
Savings: emergency funds, long-term savings
Investments: stocks, bonds, real estate, crypto
Debt management: loans, credit cards, mortgages
Building Workflow
Earn money through work, trade, or investment
Store in bank accounts, wallets, or other secure forms
Use money for consumption, investment, or savings
Monitor and manage money flow and budgets
Allocate money for growth, spending, or charitable purposes
Difficulty Use Cases
Beginner: basic earning, spending, and saving
Intermediate: budgeting and expense tracking
Advanced: investing and wealth building
Expert: portfolio management and risk mitigation
Enterprise: corporate finance, global transactions, and treasury management
Comparisons
Cash vs Digital: physical vs electronic convenience
Fiat vs Crypto: government-backed vs decentralized
Savings vs Investment: secure storage vs wealth growth
Bank account vs Wallet: regulated vs flexible
Local currency vs Foreign currency: domestic vs global trade
Versioning Timeline
3000 BC – Early commodity money (grain, livestock)
600 BC – First minted coins in Lydia
7th century – Paper money in China
20th century – Modern fiat currency systems
2009 – Introduction of Bitcoin and decentralized digital currency
Glossary
Fiat money: government-issued currency
Commodity money: backed by a physical good
Cryptocurrency: decentralized digital currency
Liquidity: convertibility into goods/services
Inflation: reduction in purchasing power over time