of exchange becomes money

The example may be clear, but it is ambiguous when exactly a medium of exchange becomes money. Thus far (in November 2024), Bitcoin is not generally money. But it may be money in some specific circumstances or groups Monetary theory is not complete simply because the meaning and usefulness of money have been established, however. We must also explain the value of money. Simply put, money is worth what it can purchase, which means money has many prices (as many prices as there are goods it can be used to purchase) that change over time. The question is, where does this value as a medium of exchange come from—what determines it? สล็อต