Types of money

Types
The most familiar form of money are coins and banknotes, also known as cash. Much of the money stored in a bank exists not as notes, but as data stored in computers. To spend it, people use cheques and plastic cards.
Coins
The first coins were made in Lydia, Turkey, 600BC. Early coins were made of precious metal. Today, they are sure likely to be made of a common metal, like aluminium.
Cheque
A cheque is written instruction to a bank to pay money to someone. For security reasons, cheques are often unusuable without identification, such as a cheque guarantee card.
Banknotes
They may be only pieces of paper, but banknotes are accepted as valuable because of the sum they represent. Banknotes first appeared in China in the 11th century, and in Europe six centuries later.
Credit card
With a credit card, a person can buy something and pay for it later. The cards are issued by banks, credit companies, and large stores, and can be used in most shops. Each month the company sends a total bill to the cardholder.
Cardholder must repay the debt promptly, or will owe interest (extra money) on the balance.