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Think of a future form of money to be used in the us. Describe a form...

Think of a future form of money to be used in the us. Describe a form of fiat money that could be used that’s different than bill and coin currency. Explain how your idea fits 1 function and 1 characteristics of money?

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Answer #1

A stamp paper/postcard recognised by the government can be used as fiat money(hypothetically).

Since it is recognised by the government it fits into the characteristic of acceptance by all and as a store of wealth. It is a non-perishable good.

It follows durability, portability function of money.

Acting as a medium of exchange and store of value, it satisfies 2 functions of money as well.

A future form of money that can be used is electronic money i.e. crypto-currency.

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