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.
- Banks play a key role through fiduciary money in the form of demand deposits, and their functions include facilitating loans and credit.
- Characteristics of effective money include durability, portability, divisibility, uniformity, and limited supply to maintain value.
- Advantages of paper fiat money over commodities are that it is
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".
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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.