The document discusses various topics related to money and banking in the United States, including:
- There is $665 billion in U.S. currency in circulation and $37 million in new notes are printed each day.
- U.S. bills contain identifying numbers and letters to help track printing errors and authenticate currency.
- The $20 bill is the most counterfeited U.S. denomination, while the $100 bill is most counterfeited overseas.
- Damaged currency can be redeemed by the U.S. Treasury if over 51% of the bill is intact.
The concept of money - My Money Week PresentationGabriel DOMBRI
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.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
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These slides explains what money is. Why money should not be saved in banks. Why banks are not evil, but we have given them too much money. Why paper gold will collapse. And Why US will get hyperinflation.
The concept of money - My Money Week PresentationGabriel DOMBRI
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.
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
For Order Online:
Whatsapp: +923452502478
Portfolio Link: https://blueprismacademia.wordpress.com/
Email: arguni.hasnain@gmail.com
Follow Me:
Linkedin: arguni_hasnain
Instagram : arguni.hasnain
Facebook: arguni.hasnain
These slides explains what money is. Why money should not be saved in banks. Why banks are not evil, but we have given them too much money. Why paper gold will collapse. And Why US will get hyperinflation.
This is a presentation I made to help explain the current economic situation in the United States and why dollar inflation is inevitable. Attempts to stop inflation are only making it worse. I hope this helps you.
This is a presentation I made to help explain the economic situation to my friends and family. The dollar is in serious trouble and I'm trying to warn people. The most prominent person with this same viewpoint is Peter Schiff. Good luck everyone.
US Economic Outlook 2008-11+ (Updated 28 May 08); Discussion of Money, Federal Reserve, Dollar as World's Reserve Currency, Inflation, Deflation, Oil, OPEC, Debt, Saving Rate, Housing Bubble and Future Outlook for US Economy
US Economic Outlook 2008-11+ ; Discussion of Money, Federal Reserve, Dollar as World's Reserve Currency, Inflation, Deflation, Oil, OPEC, Debt, Saving Rate, Housing Bubble and Future Outlook for US Economy
Gold For Life Presentation - Minesh Bhindi LIVE At Mega Partnering 5MineshBhindi
http://www.GoldForLife.com
The slides from Minesh Bhindi's presentation at http://www.MegaPartnering5.com LIVE in Dallas, USA on Gold & Silver Investing.
Please respond to at both learning activity topics below and respo.docxLeilaniPoolsy
Please respond to at both learning activity topics below and respond to at least two classmates' postings. Use APA format for citations and include a reference list.
Topic 1
What recommendations would you make for investors and businesses in the event of a sudden stock market major drop or crash?
Topic 2
From reading Chapters 12 & 13, tell me something valuable that you have learned and how you will apply it in the future. Incorporate at least one piece of research that relates to your topic.
1
This text was adapted by The Saylor Foundation under a Creative
Commons Attribution-NonCommercial-ShareAlike 3.0 License without
attribution as requested by the work’s original creator or licensee.
http://creativecommons.org/licenses/by-nc-sa/3.0/
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2
Chapter 13
Managing Financial Resources
How to Keep from Going Under
How can you manage to combine a fantastic business idea, an efficient production
system, a talented management team, and a creative marketing plan…and still go
under? It’s not so hard if you don’t understand finance. Everyone in business—not
finance specialists alone—needs to understand how the U.S. financial system operates
and how financial decisions affect an organization. Businesspeople also need to know
how securities markets work. In this chapter, we’ll discuss these three interrelated
topics. Let’s start by taking a closer look at one of the key ingredients in any business
enterprise—money.
13.1 The Functions of Money
L E A R N I N G O B J E C T I V E
1. Identify the functions of money and describe the three government measures of the
money supply.
Finance is about money. So our first question is, what is money? If you happen to have
one on you, take a look at a $5 bill. What you’ll see is a piece of paper with a picture of
Abraham Lincoln on one side and the Lincoln Memorial on the other. Though this piece
of paper—indeed, money itself—has no intrinsic value, it’s certainly in demand. Why?
Because money serves three basic functions. Money is the following:
3
1. A medium of exchange
2. A measure of value
3. A store of value
To get a better idea of the role of money in a modern economy, let’s imagine a system
in which there is no money. In this system, goods and services are bartered—traded
directly for one another. Now, if you’re living and trading under such a system, for each
barter exchange that you make, you’ll have to have something that another trader
wants. For example, say you’re a farmer who needs help clearing his fields. Because
you have plenty of food, you might enter into a barter transaction with a laborer who has
time to clear fields but not enough food: he’ll clear your fields in return for three square
meals a day.
This system will work as long as two people have exchangeable assets, but needless to
say, it can be inefficient. If we identify the functi.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Seminar: Gender Board Diversity through Ownership Networks
Ap Chapter 13 Money and Banking
1. Money and Banking There is $665 billion in currency [notes & coins]. $37 million in notes is printed each day.
2. Dollar Decoded Fed bank that issued the bill [Chi.] Bills are crowded with numbers and letters that help the U.S. Treasury track printing errors & authenticate currency. Here’s what many of them mean: Number corresponds to letter in circle indicating issuing Fed bank. First letter corresponds to issuing Fed bank Last letter tells how many times serial number has run 25 Branches
3. [Jackson’s portrait is larger, free from the oval] New $20 colors are peach , blue , and green . This is the 20’ s 20 th new look . New background colors add an extra layer of complexity for counterfeiters Ink appears either copper or green , depending upon the angle at which the bill is viewed. The first $20 bill was introduced in 1861 . Back then, $20 was about the monthly wage for manual laborers . The average $20 bill lasts 3 years . There are 5 billion twenties in circulation, enough to circle the earth 19 times. An ATM can hold up to 7,500 bills, or $150,000 in twenties. The $20 bill is the most counterfeited in the U. S. , while the $100 is most counterfeited abroad .
4. The New York Fed has more gold than any other vault in the world, Including Fort Knox. With walls of steel and concrete several feet thick, it has the gold of 63 countries , worth over $120 billion. What To Do If Your Money Gets Damaged!! 30,000 people a year send $96 million of damaged bills to the Bureau of Mutilated Division . If you can send them 51% , they will send you a new bill. An Iowa farmer once left his wallet in a field and a cow ate it. He killed the cow and mailed the cow’s stomach to the bureau. Examiners redeemed the money and sent the farmer $850 .
5. $100 Dollar Bill – Red Polymer Thread $50 – Yellow $20 – Green $10 – Orange $5 – Blue [This $5 will be hard to counterfeit]
6. Shredding of U.S. Money $500 million is shredded at the 12 Feds each day. That is over $100 billion each year . A typical dollar last about 18 months. Higher denominations last longer. Despite a camera on those whose job it is to shred money – can you get out of the shredding room with some of the notes? Yes!!! An employee in Washington took $1.7 million in $100 bills [ he sneaked 1,700 $100 bills past his security]. He was caught when his bank teller reported his frequent large deposits in his bank. At the Boston Fed, an employee made off with $23,000 when he stuffed money into his pockets after obstructing the view of his coworkers. He was caught when his employer viewed the video .
7. Over 50% of our money is in circulation overseas . There is over $2,000 for each man, woman, and child. The Russians have $40 billion . Argentina has $7 billion . Never the less, many people think we should get rid of pennies – just round up or down. If the price is .25, .26, or .27 – just charge 25 cents ; and if the price is .28, .29, or .30, just start 30 cents . But there is one big problem if we got rid of pennies!!! How would Nike pay their workers?
8. No paper notes larger than $100 have been printed since 1946.
9.
10. It cost 3.5 cents to print a dollar which last 1.5 years. It cost 12 cents to mint a sacagawea [“bird woman”] but they last 30 years. [500 million were minted but you seldom see them.] The government could save $400 million if people would use more sacagaweas.
12. And – The New Dollar To Be Introduced Next Week In Honor of McDonald’s Success
13. “ Show me the wampum!!” History of U.S. Money [A Panorama of Legal Tender] From Wampum to Credit Cards
14. Wildcat Banking 1790-1860 State banks issued paper notes in denominations from $1 to $13. They lost their value the farther away you were, thus the name, “ wildcat banking”, only a wildcat could get back to a distant bank to verify its authenticity. Over 3,000 banks issued 10,000 bills but 5,000 were counterfeit. Because some banks were more sound than others, a $5 note at one rarely had the same purchasing power as a $5 note at another.
15. Yap Island Money Yap Island is a tiny, U.S. trust territory in the S. Pacific, 500 miles from Guam. It is one of the 4 Federated States of Micronesia & has 12,000 Yapese & 6,000 “rai” limestone stones.
16.
17. . Objectives 1 . Three functions (roles) of money a. medium of exchange b. unit of account c. store of value 2. What constitutes money in our economy? paper dollars-50%) coins-2% b. DD-48% 3. What “backs” the money supply ? (gold/silver/the faith of the “G”) 4. Explanation of the demand for money . 5. The four-part make-up of the Federal Reserve a. Board of Governors b. FOMC c. 12 Fed Banks d. Member banks Money – any good widely accepted for goods and services or repayment of debt. Money is anything generally acceptable as a medium of exchange. “ Faith” of the “G”
18. . However, before trade could occur, there had to be a “double coincidence of wants” . Each trader had to have something the other wanted. I’ll trade you a chicken for a pair of shoes. I would love to sell you these shoes but I can’t eat chicken, due to my bad teeth, caused by smoking. In a barter economy a chicken farmer who wants to buy shoes may have to first trade chickens for apples and then apples for shoes because the guy selling shoes wants only apples . Money eliminates this problem. Barter – goods and services were traded without the exchange of money .
19.
20.
21. Three FUNCTIONS OF MONEY 1. Medium of Exchange [ any asset that sellers will accept as payment for g/s] Avoids “double coincidence of wants” that bartering requires. You would have to have a trading partner who “wants to sell you goods you want to buy” and “wants to buy goods you want to sell.”
22. Three FUNCTIONS OF MONEY 2. Unit of Account [measuring the relative value of goods by stating prices] Example: Microsoft Stock is selling for $50 a share. The new Jag is selling for $32,000. A $2 item is twice as valuable as a $ 1 item. Money is like a yardstick . People use it to compare the worth of things that they buy and sell.
23. Three FUNCTIONS OF MONEY 3. Store of Value [ storing wealth from one point in time to another ] [ doesn’t wear out easily and holds up to inflation ] Ability of money to hold value over time [Money that lacked durability or did not hold up well to inflation would not make good money [would not store value ]. Other desirable qualities for money are: A. Scarcity B. Portability C. Divisible D. Difficult to counterfeit Greek Coin 2,500 years old
24. Currency (coins & paper money) plus Checkable deposits equals M1 M1 M2 M3 $1236 2003 Data (billions of dollars) MONEY SUPPLY
25. M1 M2 M3 $1236 2003 Data (billions of dollars) $5899 MONEY SUPPLY Currency (coins & paper money) plus Checkable deposits equals M1 plus Savings deposits, including MMDA’s plus Small time deposits plus Money market mutual fund (MMMF) balances equals M2
26. M1 M2 M3 $1236 2003 Data (billions of dollars) $ 5899 $8595 MONEY SUPPLY Currency (coins & paper money) plus Checkable deposits equals M1 plus Savings deposits, including MMDA’s plus Small time deposits plus Money market mutual fund (MMMF) balances equals M2 plus Large time deposits equals M3 Currency (coins & paper money) plus Checkable deposits equals M1 plus Savings deposits, including MMDA’s plus Small time deposits plus Money market mutual fund (MMMF) balances equals M2
27. WHAT ABOUT CREDIT CARDS? Are They Money? They are not “plastic money.” They do serve as a medium of exchange & the credit card statement serves as a unit of account . However, they do not have a store of value . If the credit card company goes out of business or decides not to honor your card , it is worthless . They are not money because they don’t store value .
28. WHAT ABOUT Debit CARDS? Are They Money? Debit cards are money . They serve as a medium of exchange ; they serve as a store of value (not an extension of credit); and debit card statements serve as a unit of account . Debit Card
29. Our Money Is Growing More Abstract Money has grown increasingly more abstract - from a physical commodity , - to a piece of paper representing a claim on a physical commodity , - to a piece of paper of no intrinsic value , - to an electronic entry representing a claim on a p iece of paper of no intrinsic value . [just a Federal Reserve note]
30. The Value of Money and Price Level The value of money goes in the opposite direction of the general price level . Or, the amount a dollar will buy varies inversely with the price level. Value of Money Prices
31. Old Bond Prices and the Interest Rate $1,000 x .08 = $80 $800 x .10 = $80 $1,333 x .06 = $80
34. Rate of interest, i (percent) Amount of money demanded (billions of dollars) 0 50 100 150 200 250 300 10 7.5 5 2.5 0 D m i e S m THE MONEY MARKET Suppose the money supply is decreased from $200 billion, S m, to $150 billion S m1 .
35. Rate of interest, i (percent) Amount of money demanded (billions of dollars) 0 50 100 150 200 250 300 10 7.5 5 2.5 0 D m i e S m A temporary shortage of money will require the sale of some assets to meet the need. S m1 THE MONEY MARKET