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The development and renewal of money and transactions

Author

Listed:
  • László ARANY

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

  • Margit CSIPKÉS

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

  • Péter POPOVICS

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

Abstract

In this article, we examine the history of the development of money and the importance and expansion of economic transactions, as well as two of the many currencies used in the European Union, the official currency of the EU, the euro, and the money of Hungary, the Hungarian forint. Money as an essential condition for material well-being. Money is the driving force of mankind. Money ensnares, keeps in motion, operates our world. Wherever we look, whatever we want to do, directly or indirectly, we will come into contact with money. The development of money, the market and banks is a series of events taking place in parallel.

Suggested Citation

  • László ARANY & Margit CSIPKÉS & Péter POPOVICS, 2023. "The development and renewal of money and transactions," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 21, pages 7-13, July.
    • Handle: RePEc:cmj:networ:y:2023:i:21:p:7-13
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    More about this item

    Keywords

    money; digital money; economic transactions; currency;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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