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Money =)

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Juan Lozano Lozano English Student´s

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Money =)

  1. 1. MONEYMONEY NOE FLOREZNOE FLOREZ MELANY FLOREZMELANY FLOREZ
  2. 2. MONEYMONEY • Definition ofDefinition of moneymoney is a medium of exchange,is a medium of exchange, usually in the form of notesusually in the form of notes and coins, which is acceptedand coins, which is accepted by a company for theby a company for the payment of goods, servicespayment of goods, services and all kinds of obligations.and all kinds of obligations. Its etymology leads the LatinIts etymology leads the Latin word denarius, which was theword denarius, which was the name of the currency used byname of the currency used by the Romans.the Romans.
  3. 3. WHAT IS THE MONEY?WHAT IS THE MONEY? Any generally accepted medium of exchange forAny generally accepted medium of exchange for the payment of goods and services andthe payment of goods and services and repayment of debts. Money also serves as arepayment of debts. Money also serves as a measure of value to assess the relative low pricemeasure of value to assess the relative low price of various goods and services.of various goods and services.
  4. 4. MONEYMONEY • Money serves three basic characteristics: it is a mediumMoney serves three basic characteristics: it is a medium of exchange, it is easy to store and transport; It is a unitof exchange, it is easy to store and transport; It is a unit of account, and to measure and compare the value ofof account, and to measure and compare the value of products and services that are very different from eachproducts and services that are very different from each other; and is a haven of value, enabling savings.other; and is a haven of value, enabling savings.

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