Venus Community Bank
YOUR BANK
We help you manage your money, but how?
BY STORING YOUR MONEY
BY HELPING YOU EARN MONEY
BY LENDING YOU MONEY
We help you understand functions of money!
It's a medium of EXCHANGE: the means thought which goods and services can be exchanged
It's a STANDARD of value: allows people measure the relative costs of goods and services
It's a STORE of value: holds its value over time
Last but not least, we help you distinguish the different types of money
COMMODITY money: has a value for what it is
REPRESENTATIVE money: paper money that can be exchanged for something else of value
FIAT money: has a value because government has issued a fiat