Quote:
Originally Posted by u-Bob
Actually that is the definition of money.
Money = a commonly accepted medium of exchange (intermediary). |
"Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment.[4][5] Any kind of object or secure verifiable record that fulfills these functions can serve as money."
http://en.wikipedia.org/wiki/Money
It clearly is NOT "a medium of exchange", at least not in the US, maybe in some other country you can exchange a gold coin for a loaf of bread, but I doubt it...
