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<p>[QUOTE=&quot;ErolGarip, post: 2843120, member: 88736&quot;]&quot;... There&#039;s a tiny island called Yap out in the Pacific Ocean. Economists love it because it helps answer this really basic question: What is money? ... &quot; is the first paragraph of article about the giant stone money of the island &quot;Yap&quot;: </p><p><a href="http://www.npr.org/sections/money/2011/02/15/131934618/the-island-of-stone-money" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.npr.org/sections/money/2011/02/15/131934618/the-island-of-stone-money" rel="nofollow">http://www.npr.org/sections/money/2011/02/15/131934618/the-island-of-stone-money</a> </p><p><br /></p><p>My comment: rather than answering &quot;what is money?&quot;, it helps answer &quot;what is major money / major currency?&quot; </p><p>By analogy, if we call this giant stone coin </p><p><a href="http://media.npr.org/assets/img/2010/12/09/yap-3de5582da4f8b2e30812beb5aee6e672d3edde00-s800-c85.jpg" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://media.npr.org/assets/img/2010/12/09/yap-3de5582da4f8b2e30812beb5aee6e672d3edde00-s800-c85.jpg" rel="nofollow">http://media.npr.org/assets/img/2010/12/09/yap-3de5582da4f8b2e30812beb5aee6e672d3edde00-s800-c85.jpg</a> </p><p>as &quot;dollar&quot;, then, this <a href="http://www.historian.net/images/token1.gif" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.historian.net/images/token1.gif" rel="nofollow">http://www.historian.net/images/token1.gif</a> is &quot;minor currency&quot;, i.e. &quot;cent&quot;. </p><p><br /></p><p>Like every amount of &quot;dollar&quot; can be counted in terms of &quot;cent&quot;, these &quot;major stone coins&quot; can be counted in terms of &quot;minor stone coin&quot;. And, Yap people had smaller stone coins also beside these big stone coins. </p><p><br /></p><p>PS: this post is to make the major and the minor currencies clear. Most of coins including ancient Greek and Roman ancient coins being shown on this CT forum, also Lydian gold lion coin, can be called &quot;major coins&quot; as they had smaller denominations. But, their smallest denominations (minor coins) of those old major coins are being mentioned much less here on this CT forum as far as I&#039;ve seen, though minor coins are more important than major coins as minor coins are used in every day daily life. In other words, the target is to own &quot;major coin&quot; which is the total wealth, the work/effort/labor to reach that target is related to the &quot;minor coin&quot;.[/QUOTE]</p><p><br /></p>

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