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History of money and banking
1. History
of money and banking
University of Agriculture and Veterinary Medicine
SPECIALITY: Engineering and Management in
Public Food and Agroturism
COORDINATING TEACHER:
Mihai Daniel Frumușelu
STUDENT:
Dinu Sorina
GROUP 8215
2. People have used money for
thousands of years as an
exchange for goods and/or
services (from bills, coins, checks
to shells, gold, and other goods)
3. WHAT IS MONEY?
Money, is nothing.
It can be a shell, a metal coin, or a piece of
paper with a historic image on it, but the value that
people place on it has nothing to do with the physical
value of the money.
Money allows people to trede goods and
services indirectly, understand the piece of.
Money is valuable marely because everyoane
knows everyone else will accept it as a form of
payment
4. EVOLUTION OF MONEY
The word ”money” is derriver from the Latin
word ”Monet”
The origin of money is lost
Hunting society, skin of wild animals were used as
money
Pastoral society used livestock
Agriculture society used grain and foods
The Roman used cattle and salt.
5.
6. FUNCTIONS OF MONEY
Unit of account
Common measure of value
Means of payment
Store of value (concrete)
Controller of the economy
8. The History of Money and
Banking
Throughout the history of the US, Americans
have used all kinds of money
During the Civil War, the Federal Govt.
Finally set up a uniform currency for the
country
In order to regulate the money supply,
Congress established the Federal Reserve
System in 1913. The Federal Reserve became
the nation’s central bank, issuing