3 thoughts on “What Is Money?”

  1. Doc,

    Interestingly, at our own HarareCentral Prison(and countrywide), the major currency of exchange is actually cigarets . And yes even non smokers keep cigarets to even buy food from other inmates . They tried to ban this practice but they could not after they discovered that even Prison Officials also traded in the same currency ( cigarets).

    Thought I would share this after reading today’s blog.

    Best regards and stay blessed,

    Dr. Peter S. Chikumba Leadership and Business Consultant Vision Leadership Centre (VLC) Harare Zimbabwe

    LEADERSHIP IS ABOUT SHOWING AND LEADING THE WAY.

    >

    1. The major money creators are commercial banks. Since money is created when a loan is granted (or a credit is extended to a client). As a matter of fact more money that circulates in the monetary system is created by commercial banks than the central bank.

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