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The concept of money - My Money Week Presentation
 

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 ...

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

    • 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 brief chronology of money
    • “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 or not) + some needs or wishes + some perceived value + lots of trust in one another!
    • 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 measure, a standard, a store."
    • 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 store of value
    • 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 value in themselves aswell as for use as money.
    • Types of moneyCommodity money =GoldSilverCopperCattleStonesShellsBarleyCigarettesCandy 
    • 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.
    • Types of money Representative moneyCommodity-backed money Fiat money
    • Types of money Representative moneyCommodity-backed money Fiat money - Gold certificates - Silver certificates
    • Types of money Representative moneyCommodity-backed money Fiat money - Gold certificates - Bills of credit - Silver certificates - Banknotes - Coins - All our money
    • 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• Americas, Asia, Africa – shell money
    • Chronology of money Shell money
    • Chronology of money6500 BC ->• Lydia – the silver coins• Europe, Asia – metal coins7th century AD ->• China – first paper money• Medieval Italy, Flanders – paper money
    • Chronology of moneyLydian coin: Denaris banales: First paper money, China
    • Chronology of money19th century ->• Europe – gold & silver standard, banknotes• USA – gold standard, banknotes20th century ->• Bretton Woods – gold & dollar• 1970’s – Fiat dollar• Cards, ATMs
    • 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