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The concept ofMONEYby Gabriel DombriMy Money Week , 9th of May, Cluj-Napoca
Today’s subjects:1.    • The concept of money2.        • The functions of money 3.        • Types of money     4.       A ...
“I am not interested in money but in the things of which money is the symbol.”                             [Henry Ford]
1. The concept of money
The concept of moneyWhat is the difference between these             banknotes?
The concept of moneyWhat is the difference between these items?
The concept of moneySo, then: What is money?
The concept of moneyMoney =  any object accepted as means of exchange  within a certain society or social context.
The concept of moneyTo create money, we need: + a social circumstance (i.e. the others) + a market + some objects (useful ...
2. The functions of money
The functions of moneyMoney is an instrument with various functions: "Money is a matter of functions four, a medium, a mea...
The functions of moneyThe functions: 1. A medium of exchange
The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account
The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment
The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment
The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment 4. A s...
3. Types of money
Types of money
Types of moneyCommodity   Representative                             Fiat money  money        money
Types of moneyCommodity money =is money whose value comes from acommodity out of which it is made.It is objects that have ...
Types of moneyCommodity money =GoldSilverCopperCattleStonesShellsBarleyCigarettesCandy 
Types of moneyRepresentative money =Objects that don’t have real value inthemselves, but their value come from eitherthe c...
Types of money         Representative moneyCommodity-backed money         Fiat money
Types of money                 Representative moneyCommodity-backed money                    Fiat money - Gold certificate...
Types of money                 Representative moneyCommodity-backed money                    Fiat money - Gold certificate...
Types of moneyMonetary systems and institutions:• Banks• Gold standard• Bretton Woods System• Nixon shock
3. A brief chronology
Chronology of money100,000 years ago ->•   Barter methods•   Gift economy
Chronology of money100,000 years ago ->•   Barter methods•   Gift economy3000 BC ->•   Mesopotamia – the shekel•   America...
Chronology of money                      Shell money
Chronology of money6500 BC ->•   Lydia – the silver coins•   Europe, Asia – metal coins7th century AD ->•   China – first ...
Chronology of moneyLydian coin:                        Denaris banales:               First paper money, China
Chronology of money19th century ->•   Europe – gold & silver standard, banknotes•   USA – gold standard, banknotes20th cen...
Chronology of money21th century ->•   Financial institutions•   Credit & debit cards•   Online payments
Chronology of money
Thank you!I am:Gabriel DombriMarketing consultantE: gabriel@burcash.roW: www.burcash.roW: www.gabrieldombri.com
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The concept of money - My Money Week Presentation

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A presentation on the concept and history of money delivered for the students in the International School of Cluj, as a part of the activities in My Money Week event. Burcash was the main partner in personal finance education.

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Transcript of "The concept of money - My Money Week Presentation"

  1. 1. The concept ofMONEYby Gabriel DombriMy Money Week , 9th of May, Cluj-Napoca
  2. 2. Today’s subjects:1. • The concept of money2. • The functions of money 3. • Types of money 4. A brief chronology of money
  3. 3. “I am not interested in money but in the things of which money is the symbol.” [Henry Ford]
  4. 4. 1. The concept of money
  5. 5. The concept of moneyWhat is the difference between these banknotes?
  6. 6. The concept of moneyWhat is the difference between these items?
  7. 7. The concept of moneySo, then: What is money?
  8. 8. The concept of moneyMoney = any object accepted as means of exchange within a certain society or social context.
  9. 9. The concept of moneyTo create money, we need: + a social circumstance (i.e. the others) + a market + some objects (useful or not) + some needs or wishes + some perceived value + lots of trust in one another!
  10. 10. 2. The functions of money
  11. 11. The functions of moneyMoney is an instrument with various functions: "Money is a matter of functions four, a medium, a measure, a standard, a store."
  12. 12. The functions of moneyThe functions: 1. A medium of exchange
  13. 13. The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account
  14. 14. The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment
  15. 15. The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment
  16. 16. The functions of moneyThe functions: 1. A medium of exchange 2. A unit of account 3. A standard of deferred payment 4. A store of value
  17. 17. 3. Types of money
  18. 18. Types of money
  19. 19. Types of moneyCommodity Representative Fiat money money money
  20. 20. Types of moneyCommodity money =is money whose value comes from acommodity out of which it is made.It is objects that have value in themselves aswell as for use as money.
  21. 21. Types of moneyCommodity money =GoldSilverCopperCattleStonesShellsBarleyCigarettesCandy 
  22. 22. Types of moneyRepresentative money =Objects that don’t have real value inthemselves, but their value come from eitherthe commodities they stand for or from agovernment regulation or law.
  23. 23. Types of money Representative moneyCommodity-backed money Fiat money
  24. 24. Types of money Representative moneyCommodity-backed money Fiat money - Gold certificates - Silver certificates
  25. 25. Types of money Representative moneyCommodity-backed money Fiat money - Gold certificates - Bills of credit - Silver certificates - Banknotes - Coins - All our money
  26. 26. Types of moneyMonetary systems and institutions:• Banks• Gold standard• Bretton Woods System• Nixon shock
  27. 27. 3. A brief chronology
  28. 28. Chronology of money100,000 years ago ->• Barter methods• Gift economy
  29. 29. Chronology of money100,000 years ago ->• Barter methods• Gift economy3000 BC ->• Mesopotamia – the shekel• Americas, Asia, Africa – shell money
  30. 30. Chronology of money Shell money
  31. 31. Chronology of money6500 BC ->• Lydia – the silver coins• Europe, Asia – metal coins7th century AD ->• China – first paper money• Medieval Italy, Flanders – paper money
  32. 32. Chronology of moneyLydian coin: Denaris banales: First paper money, China
  33. 33. Chronology of money19th century ->• Europe – gold & silver standard, banknotes• USA – gold standard, banknotes20th century ->• Bretton Woods – gold & dollar• 1970’s – Fiat dollar• Cards, ATMs
  34. 34. Chronology of money21th century ->• Financial institutions• Credit & debit cards• Online payments
  35. 35. Chronology of money
  36. 36. Thank you!I am:Gabriel DombriMarketing consultantE: gabriel@burcash.roW: www.burcash.roW: www.gabrieldombri.com
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