Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.

Flint

Flint is a hard, sedimentary cryptocrystalline form of the mineral quartz, categorized as a variety of chert. It occurs chiefly as nodules and masses in sedimentary rocks, such as chalks and limestones. Inside the nodule, flint is usually dark grey, black, green, white or brown in colour, and often has a glassy or waxy appearance. A thin layer on the outside of the nodules is usually different in colour, typically white and rough in texture. From a petrological point of view, "flint" refers specifically to the form of chert which occurs in chalk or marly limestone. Similarly, "common chert" (sometimes referred to simply as "chert") occurs in limestone.

Origin

The exact mode of formation of flint is not yet clear but it is thought that it occurs as a result of chemical changes in compressed sedimentary rock formations, during the process of diagenesis. One hypothesis is that a gelatinous material fills cavities in the sediment, such as holes bored by crustaceans or molluscs and that this becomes silicified. This hypothesis certainly explains the complex shapes of flint nodules that are found. The source of dissolved silica in the porous media could be the spicules of silicious sponges. Certain types of flint, such as that from the south coast of England, contain trapped fossilised marine flora. Pieces of coral and vegetation have been found preserved like amber inside the flint. Thin slices of the stone often reveal this effect.