Содержание
- 2. Origin of money Characteristics & concept of money Functions of money
- 3. With barter, an individual possessing a material object of value, such as a measure of grain,
- 4. Many items have been used as commodity money such as naturally scarce precious metals, cowry shells,
- 5. Metal money
- 6. Metal based coins had the advantage of carrying their value within the coins themselves. Two metals
- 7. The difference between commodity value of money and its specie value is seigniorage
- 8. Goldsmith bankers Since no banks existed in England at the time, these entrepreneurs entrusted their wealth
- 9. Bank – банк Note – боргове зобов'язання A banknote (often known as a bill, paper money
- 10. money of full value - commodity money, gold and silver money
- 11. Quasi-money (quasi – подібний) These are bills, checks, etc. The term refers to securities, which can
- 12. Electronic money refers to money which is only exchanged electronically
- 13. Money is any object or record, that is generally accepted as payment for goods and services
- 14. Characteristics of money durable divisible portable recognizable stable value of money – for people to store
- 15. Functions of money A medium of exchange Unit of Account or Measure of Value Store of
- 16. A medium of exchange – that is something you acquire not because you want to use
- 17. Unit of Account or Measure of Value This function is sometimes referred to as a standard
- 18. Store of Value You can sell your labor for money today and then use the money
- 19. Standard of deferred payment Money provides the unit for expressing debts or payments due in the
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