This document provides an introduction to money and banking, including:
- Definitions of money, monetary systems, and the functions of money as a medium of exchange, unit of account, and store of value.
- The three main types of money are commodity money, fiat money, and fiduciary money, with most modern systems using fiat.
- Banking topics covered include the scope of bank operations, functions of banking, and monetary theories.
- Characteristics of effective money are discussed, such as durability, portability, divisibility, uniformity, and limited supply.
Money, Medium of Exchange, Unit of Account, Deferred Payment, Types of Money, Commodity Money, Full-bodied Money, Paper Money, Fiat Money, Fiat Money: token coins, Check-able Deposits, Physical Properties of Money,
A fantastic PPT on a very important and scoring topic. A quick and easy explanation of the chapter Money & Banking. It has got all the material information required to enhance one's knowledge about the topic. Excellent and interesting facts. HAPPY LEARNING !!
Money, Medium of Exchange, Unit of Account, Deferred Payment, Types of Money, Commodity Money, Full-bodied Money, Paper Money, Fiat Money, Fiat Money: token coins, Check-able Deposits, Physical Properties of Money,
A fantastic PPT on a very important and scoring topic. A quick and easy explanation of the chapter Money & Banking. It has got all the material information required to enhance one's knowledge about the topic. Excellent and interesting facts. HAPPY LEARNING !!
The origin of money: the necessity and prerequisites for its appearance
1.English Banknotes and Coins.
2.Glimpses of History of Money.
3.What is Money?
4.Financial tools (definitions).
The official currency of the Unites Kingdom is the pound sterling which is equal to one hundred pence. The British do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.
English banknotes are issued by the Bank of England. As to coins they are minted also by this state bank. The following coins are in circulation: one penny, two pence, five pence, ten pence, 20 pence, 50 pence, 1 pound, and 2 pounds. The singular of pence is "penny". The symbol for the penny is "p"; hence an amount such as 50p is often pronounced "fifty pee" rather than "fifty pence".
The origin of money: the necessity and prerequisites for its appearance
1.English Banknotes and Coins.
2.Glimpses of History of Money.
3.What is Money?
4.Financial tools (definitions).
The official currency of the Unites Kingdom is the pound sterling which is equal to one hundred pence. The British do not use the Euro. Although a few of the big shops will accept Euro, it is rarely used across Britain.
English banknotes are issued by the Bank of England. As to coins they are minted also by this state bank. The following coins are in circulation: one penny, two pence, five pence, ten pence, 20 pence, 50 pence, 1 pound, and 2 pounds. The singular of pence is "penny". The symbol for the penny is "p"; hence an amount such as 50p is often pronounced "fifty pee" rather than "fifty pence".
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@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
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
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
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
3. Course Contents
• Introduction of Money and Banking
• Definition of Money
• Monetary system
• Financial Markets
• Financial institutions
• Banking &scope of banks Operations
• Functions of banking
• Monetary theories
• Inflation
• Use of Gold and silver as money
4. Money and Banking
• Money is “a current medium of exchange,
which is recognized and widely accepted. in
payments for goods and services and for the
settlement of debts”.
• Money is the stock of assets that can be
readily used to make transactions.
• money is a current medium of exchange in the
form of coins and banknotes; money.
5. Types of Money
Money comes in three forms:
•commodity money, fiat money, and fiduciary
money.
•Most modern monetary systems are based on fiat
money.
•Commodity money derives its value from the
commodity of which it is made,
•fiat money has value only by the order of the
government.
6. Cont…
• Fiduciary money includes demand deposits
(such as checking accounts) of banks.
Fiduciary money is accepted on the basis of
the trust its issuer (the bank) commands.
• Most modern monetary systems are based on
fiat money. However, for most of history,
almost all money was commodity money, such
as gold and silver coins.
7. Functions of Money
• Medium of Exchange: When money is used to
intermediate the exchange of goods and services,
it is performing a function as a medium of
exchange.
• Unit of Account: It is a standard numerical unit of
measurement of market value of goods, services,
and other transactions.
• Store of Value: To act as a store of value, money
must be reliably saved, stored, and retrieved. It
must be predictably usable as a medium of
exchange when it is retrieved.
8. Cont..
The Basis of Credit:
• Money facilitates loans. Borrowers can use
money to obtain goods and services when they
are needed most.
A Standard of Postponed Payment:
• This is an extension of the first function
• the use of money permits postponement of
spending from the present to some future
occasion.
9. Cont….
• A Measure of Value:
• Money is the measuring rod of everything.
This serves two basic purposes:
• (1) Households (consumers) can plan their
expenditure and
• (2) Business people can keep records of in-
come and costs in order to work out their
profit and loss figures.
10. Characteristics of Money
1.Durability. A cow is fairly durable, but a long trip to
market runs the risk of sickness or death for the
cow and can severely reduce its value.
2. Portability. While the cow is difficult to transport
to the store, the currency can be easily put in my
pocket.
3. Divisibility. A 20-dollar bill can be exchanged for
other denominations, say a 10, a 5, four 1s, and 4
quarters. A cow, on the other hand, is not very
divisible.
11. Cont….
4.Uniformity. Cows come in many sizes and shapes and
each has a different value; cows are not a very
uniform form of money. Twenty-dollar bills are all
the same size and shape and value; they are very
uniform.
5. Limited supply. In order to maintain its value, money
must have a limited supply.
• The supply, and therefore the value, of 20-dollar bills
and money in general are regulated by the Federal
Reserve so that the money retains its value over
time.
12. Cont….
7. Acceptability.
• Money is generally accepted through out the
world.
• Even though cows have intrinsic value, some
people may not accept cattle as money. In
contrast, people are more than willing to
accept 20-dollar bills. In fact, the U.S.
government protects your right to use U.S.
currency to pay your bills.
13. Advantages of Money
1. Economical:
• Paper money practically costs nothing to the
Government.
• Currency notes, therefore, are the cheapest
media of exchange.
• (ii) Convenient:
• Paper money is the most convenient form of
money.
• A large amount can be carried conveniently in
the pocket without anybody knowing it.
14. Cont…
(iii) Homogeneous:
• One essential quality in money is that it must
be exactly of the same type.
• Even among the coins there are good and bad
coins.
• currency notes are all exactly similar.
• It is a very suitable medium of exchange.
15. Cont..
(iv) Stability:
• The value of paper money can be kept
stable by properly regulating its issue.
(v) Elasticity
• Paper money is absolutely elastic.
• Its quantity can be increased or decreased
at the will of the currency authority.
16. Cont..
(vi) Cheap Remittance:
• Money in the form of currency notes can be
cheaply remitted from one place to another in
an insured cover.
(vii) Advantageous to Banks:
Paper money is of very great advantage to the
banks. They can keep their cash reserves
against liabilities.