What is Money?

The answer to the question is simple. Money is anything widely used for paying debts owed by a person to someone else and also for receiving the payments of debts owing to a person from someone else. A country produces coins and banknotes, (accepted by everyone) for the payment of bills and for the receipt of money owing.



Money is what is known as a "medium of exchange".

In the "old days" people traded the goods and services they owned (and probably produced) for goods and services owned by others (probably produced by them). The scenario went something like this - "you give me two sacks of your potatoes and I will trade you ten of my fish".



This method of trading was fine for a while. As society developed, business became more cumbersome and inefficient with this method of trade. Business dealings became stilted and slow and lagged behind the new pace of commerce. There had to be a better way. Some bright spark then came up with the idea of a common "medium of exchange" easier to carry around and better to use.



Money was born.

It wasn't that simple, because while all sorts of things were used as a medium of exchange, these were all basically called "money" and it wasn't until coins and paper notes were developed that money as we know it today became the standard accepted as a medium of exchange.



Forms of Money

There are various forms of money - cheques, IOU's, credit cards, bank drafts or gold. Gold was the standard used in the past because of its scarcity and its qualities. Gold is resistant to corrosion or damage. These unique properties, as well as the scarcity of gold means that even today, wealthy people around the world would rather keep their wealth in gold holdings than in the currencies of countries which are subject to inflation.



In fact, all sorts of things have been used as money throughout the ages. Some include: beads, eggs, salt, pigs, leather, yarn, axes, ivory and jade. Today we have another form of money, which cannot be touched, and yet it as real as the tangible coins we are able to touch. This form of money is electronic money.



The Name "Money"

The word money comes from the Roman goddess - Moneta. Apparently coins were minted in her temples and issued to the world, as the Romans knew it at the time. The Latin word "Moneta", (meaning mint or coins) came from the old English word "mynet" (meaning coins or money) and from this came the English word "mint".



Origins of Money

To understand the origins of money we have to go back to a time well before money came on the scene. Money did not suddenly appear - it was introduced gradually in response to the requirements of human needs. As civilization grew and expanded beyond local societies, the need to exchange the products provided by various groups became evident. The hunter needed to exchange with the farmer, the shepherd needed to exchange with the medicine man etc.



The medium of exchange that was necessary to enable the various groups to barter and swap their products was money. It was originally a physical substance like gold or silver. Sometimes it was a substance that was alive such as cattle, which was one of the oldest forms of money.



Today, although much of the money used by individuals in their everyday life is still in the form of notes and coins, its quantity is relatively small compared to the intangible types of money existing as entries in bank records.



Today money exists in the form of digital cash and such things as coins and bank notes will soon become obsolete. When this happens, the change in the nature of money will have a significant effect on our society.

Water Pro is expanding their coverage area to include the Richmond and surrounding areas along with the Tidewater and Hampton Roads areas! Recently Water Pro has experienced a high demand for customers that are concerned about the quality of the water in their wells and the safety of their drinking water.
Gloucester, VA - Water Pro, Inc. recently increased their coverage area from the Middle Peninsula/Northern Neck and Tidewater/Hampton Roads areas to include the Richmond and surrounding areas. Why the increase in coverage area? Brian Bayford, Corporate V.P. responds, “In recent months, we’ve had an overwhelming residential and commercial demand in the Richmond and surrounding areas for our quality service and products. People want good tasting, high quality water that they can drink out of the tap without having to purchase bottled water. Government and commercial facilities are now able to ensure their employees and customers that they are providing safe, clean water with the Water Pro name.”
Water Pro installs water purification and filtration systems and provides maintenance for most brands of filtration equipment. They offer sampling and analysis for real estate closings, well and pump inspections, water softeners, filters, acid neutralizers, and reverse osmosis units. They service residential, restaurants, hotels, convenience stores, community water systems, and other government and commercial facilities. In their 10th year, Water Pro’s licenses include Virginia Board of Waterworks, Master Plumber, Master Well Driller, and Class A Contractor. Memberships include board member of Eastern Water Quality Association and member of the Water Quality Association.
Additionally, Bayford states, “The residential and commercial water treatment business has increased as the demand for quality drinking water grows. We credit our increase to our satisfied customers who have spread the word about our ability to help others by providing quality service and products. We service many local ‘weekend homes’ owned by Richmond area residents. At either home, they know they can trust Water Pro for good tasting and safe water.”
Bayford, not only responsible for overseeing day to day operations, also oversees his sales staff and throughout the year teaches at water-oriented seminars up and down the east coast.
Water Pro is offering a free water analysis in the Richmond area which includes a water distribution system inspection (pump, pressure tank, and flow rates). To request a free water analysis for your home or business contact Water Pro at 804.212.1484 or www.waterprousa.com

Virginia Celebrates with Style

Saturday, June 9, 2007
10AM-5PM

Enjoy Wine Tasting, Artwork and a day of music at the historic Locust Grove Farm in Walkerton - King and Queen County. Just a short drive from Richmond, Fredericksburg or Virginia Beach.

Artists and Virginia Farm Wineries will be attending the event on the bluffs of the Mattaponi River at Locust Grove Farm. Only 30 minutes from Richmond on the Middle Peninsula


Reservations and Information
804-769-8201

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