Bartering and commodities like cattle and seeds were some of the earliest forms of money. Cowry shells were used as currency in China in 1200 BC, while metal tools were used as early metal currency in China around 1000 BC. Silver became used as currency imprinted with rulers' faces in 500 BC Turkey. Paper money originated in China between the 9th-15th centuries before disappearing, while gold became the standard currency backed by weight in 1816 Britain and 1900 America. Modern currency has evolved to coins and paper notes, with future forms potentially including payment cards and microchips in jewelry.
Money originated as commodity money made from valuable materials like gold and silver, but most modern money systems use fiat money which derives value from government decree rather than physical commodity. The document discusses different forms of money like coins, banknotes, and cash versus cashless systems. It also explores alternative economic models like bartering, gift economies, and potential future reputation economies where contributions to society determine social and economic status.
The skin is the largest organ of the body and has three main layers - the epidermis, dermis, and subcutaneous tissue. The epidermis is made of stratified squamous epithelium and contains keratinocytes, melanocytes, Langerhans cells, and Merkel cells. The dermis lies below the epidermis and contains collagen, elastic fibers, hair follicles, sweat and sebaceous glands. The skin acts as a protective, sensory, synthetic and temperature regulating organ.
- Money has evolved over time from barter systems to commodity money like livestock or metals, to modern forms like coins, paper money, plastic money, and cryptocurrency.
- The key functions of money are as a medium of exchange to facilitate trade, a unit of account to measure and compare value, and as a store of value to save purchasing power over time.
- Money solves issues with barter like the lack of a common unit of value and difficulty finding direct exchange. It allows for deferred payment, credit, and saving.
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
Collaborative commerce utilizes internet technology to promote collaboration between businesses. It provides benefits like optimized processes, improved transparency, innovation, reduced time-to-market, increased customer satisfaction and a focus on core competencies. Airbnb represents a collaborative platform that is disrupting the traditional hospitality model by allowing people to share their homes. Lyft is another example that provides an affordable alternative to taxis through ride sharing. While hotels and sites like Airbnb both provide accommodations, their price structures, target customers, and tax/regulatory environments differ.
Kinds of money, functions of money, Supply of money along with inflation. Banking with commercial functions of banking , Central Bank and its functions have been presented in the slides.
Bartering and commodities like cattle and seeds were some of the earliest forms of money. Cowry shells were used as currency in China in 1200 BC, while metal tools were used as early metal currency in China around 1000 BC. Silver became used as currency imprinted with rulers' faces in 500 BC Turkey. Paper money originated in China between the 9th-15th centuries before disappearing, while gold became the standard currency backed by weight in 1816 Britain and 1900 America. Modern currency has evolved to coins and paper notes, with future forms potentially including payment cards and microchips in jewelry.
Money originated as commodity money made from valuable materials like gold and silver, but most modern money systems use fiat money which derives value from government decree rather than physical commodity. The document discusses different forms of money like coins, banknotes, and cash versus cashless systems. It also explores alternative economic models like bartering, gift economies, and potential future reputation economies where contributions to society determine social and economic status.
The skin is the largest organ of the body and has three main layers - the epidermis, dermis, and subcutaneous tissue. The epidermis is made of stratified squamous epithelium and contains keratinocytes, melanocytes, Langerhans cells, and Merkel cells. The dermis lies below the epidermis and contains collagen, elastic fibers, hair follicles, sweat and sebaceous glands. The skin acts as a protective, sensory, synthetic and temperature regulating organ.
- Money has evolved over time from barter systems to commodity money like livestock or metals, to modern forms like coins, paper money, plastic money, and cryptocurrency.
- The key functions of money are as a medium of exchange to facilitate trade, a unit of account to measure and compare value, and as a store of value to save purchasing power over time.
- Money solves issues with barter like the lack of a common unit of value and difficulty finding direct exchange. It allows for deferred payment, credit, and saving.
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
Collaborative commerce utilizes internet technology to promote collaboration between businesses. It provides benefits like optimized processes, improved transparency, innovation, reduced time-to-market, increased customer satisfaction and a focus on core competencies. Airbnb represents a collaborative platform that is disrupting the traditional hospitality model by allowing people to share their homes. Lyft is another example that provides an affordable alternative to taxis through ride sharing. While hotels and sites like Airbnb both provide accommodations, their price structures, target customers, and tax/regulatory environments differ.
Kinds of money, functions of money, Supply of money along with inflation. Banking with commercial functions of banking , Central Bank and its functions have been presented in the slides.
Money can take various forms and serves several functions including as a medium of exchange, measure of value, and store of value. The money supply is categorized into different levels including M1 (currency and demand deposits), M2 (near money), and M3 (broad money). Money demand is influenced by transaction, precautionary, and speculative motives. The quantity theory of money posits that changes in the money supply will impact the price level in an economy. Banks play an important role in the financial system, with central banks responsible for currency issuance and monetary stability and commercial banks accepting deposits and providing loans.
Lecture 2 for the MIT MediaLab Future Commerce course, delivered in Boston, MA on Sept. 20, 2016. In this talk, I discuss the Future of Money and how new technology like digital currencies and P2P finance innovations like bitcoin are going to change the very nature of money. We explore why money exists, the role it plays in our society, and how it shapes the way we interact with marketplace, markets, and financial infrastructure. We then outline opportunities to disrupt money itself with bitcoin and blockchain technology, and how entrepreneurs in the DCG portfolio are slowly changing the Future of Money.
The document discusses the evolution of money from early commodity forms like cattle and grains used as a medium of exchange, to the development of metallic coins, paper money, and modern forms like credit/bank money, plastic money, and digital currencies. It provides definitions of money and outlines the key functions of money as a medium of exchange, store of value, and unit of account. The document also examines the advantages and disadvantages of different forms of money throughout history as the concept has developed and modernized over time.
This presentation focuses on the evolution of the currency. It shows how we came this far in terms of exchanging ( money ).
This presentation presents the journey from the barter system to electronic money. Topics are explained with pictures for better understanding.
The Reserve Bank of India (RBI) acts as the central bank and currency authority of India. It issues currency notes in various denominations and regulates the country's money supply through its monetary policy tools. RBI maintains a network of currency chests across India to facilitate distribution and storage of currency. It also takes various measures to manage currency logistics, assess demand, and ensure quality and security of currency in circulation.
What are the different modes of fund transfer Tutors On Net
The document discusses different modes of fund transfer that were covered in a finance management class. It outlines several common methods: (1) digital money transfers between bank accounts which allows sending funds instantly, (2) cheque transactions which can be deposited via drop boxes for convenience, (3) direct deposit of salaries electronically for ease and saving paper, and (4) plastic money like credit/debit cards and services like PayPal and Text Pay Me which have revolutionized money transfer. The student felt informed by the material from their assignment help and prepared to present the best presentation on the topic.
Money functions as a medium of exchange, unit of account, and store of value. There are different forms of money including commodity money, fiat money, fiduciary money, and commercial bank money. The traditional barter system was replaced by money to overcome limitations like the lack of a double coincidence of wants. Demonetization in India in 2016 aimed to reduce corruption and black money but also caused short-term cash shortages and economic difficulties.
A brief history of money from barter to bitcoin. This presentation covers the essential characteristics of money and how it has evolved from barter to commodities to cash and finally to digitized currency, also known as "cryptocurrencies"--the most popular of which is bitcoin.
E-Rupi is a new digital payment instrument introduced by the Indian government. It functions as a prepaid voucher or QR code delivered via SMS that can be redeemed for a specific purpose, such as receiving healthcare services. It aims to enable cashless, contactless transactions and direct transfers to citizens and employees without leaks. The document outlines how E-Rupi works by involving issuers, acquirers, sponsors, merchants and beneficiaries. It also discusses the potential uses and advantages in reducing corruption and costs, as well as some challenges in adoption and security.
Chapter 6- moneytary policy and its management for BBAginish9841502661
Monetary policy and its management discusses key concepts related to monetary policy including money supply, factors affecting money supply, objectives of monetary policy, and instruments of monetary policy. Money supply is composed of currency in circulation and bank deposits available for spending. Factors that influence money supply include net foreign assets, net domestic assets, and reserve money. The main objectives of monetary policy are price stability, full employment, and economic growth. Central banks use instruments like bank rates, reserve requirements, and open market operations to tighten or loosen monetary policy and influence money supply.
The dermis is made of strong, flexible connective tissue that contains fibroblasts, macrophages, and occasionally other immune cells. It contains fibers that bind the body together and makes leather. The dermis has two layers - a superficial papillary layer and a deeper reticular layer. The papillary layer contains dermal papillae that interdigitate with the epidermis. The reticular layer makes up most of the dermal thickness and contains dense connective tissue that provides strength and elasticity to the skin.
The document compares and contrasts cash and cashless economies. It outlines the key advantages and disadvantages of each. A cash economy relies on physical money while a cashless economy relies on electronic payments. Demonetization in India boosted the transition towards cashless payments as digital payment platforms like Paytm saw record usage. However, moving to a fully cashless system also faces challenges due to issues like lack of digital infrastructure and internet access across large parts of the population. The government has launched various initiatives to encourage cashless transactions but forcing digital adoption could be problematic.
This document provides a history of the development of money. It begins with bartering and the use of shells as early forms of currency. It then discusses the introduction of coinage in Lydia in 600 BC and the later development of paper money in China in the 9th century. It also briefly outlines the gold standard, development of credit cards, and different types and functions of modern currencies like commodity, fiat, fractional, and fiduciary money.
Commerce can be called electronic marketing or e-commerce. This allows customers to easily find and order products online, reducing costs for companies and consumers. The document introduces different types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), business-to-government (B2G), consumer-to-consumer (C2C), government-to-consumer (G2C), and government-to-business (G2B). B2B e-commerce makes up 80% of the market and involves online sales between companies. B2C involves companies selling directly to consumers online.
The document discusses the history of money and how bartering was used before modern currencies. Under bartering, people would directly exchange goods and services without a standard medium of exchange. Bartering was inconvenient as the items being traded had to be immediately exchangeable and transporting bulky or heavy goods was difficult. The document then defines money as anything widely accepted as payment for goods and services, which serves as a medium of exchange, store of value, and standard for deferred payments.
In this presentation we will talk about the process of “Marketing in Banking Sector” and its effect on the sector as a whole and services of individual Organization.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
What is Cryptocurrencies? Impact on World Economy & Indian Economyhritviksoni2
This document discusses cryptocurrencies and their impact on the world economy and India. It defines cryptocurrencies and different types like Bitcoin, Ethereum, Litecoin, and Monero. It explains how cryptocurrencies are challenging the US dollar's dominance, cutting out middlemen in financial transactions, and enabling new decentralized markets and crowdfunding methods. In India, cryptocurrencies are not officially recognized as currency but their use is growing, though legal status remains unclear. India's demonetization drove some to use cryptocurrencies due to cash shortages.
The document discusses the evolution of money from barter systems to modern digital currencies. It traces the development from commodity money used in early barter systems, to metallic coins, paper money, credit money issued by banks, electronic money used for digital payments, and most recently cryptocurrencies like Bitcoin. Each new form of money emerged to address limitations of previous forms as economies became more complex with globalization and advances in technology. The functions of money are also outlined, including primary functions like serving as a medium of exchange and store of value, and secondary functions like enabling the transfer and standardization of value.
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 !!
This document defines money and discusses its key functions. It notes that money serves as a medium of exchange, unit of account, standard of deferred payment, store of value, and means of transferring value. Money includes cash money created by central banks and governments as well as credit money created by commercial banks through loans. Narrow money supply (M1) consists of currency and demand deposits, while broad money supply (M2) includes M1 plus other deposits. The value and forms of money vary between legal tender created by authorities and conventional forms accepted privately.
Money can take various forms and serves several functions including as a medium of exchange, measure of value, and store of value. The money supply is categorized into different levels including M1 (currency and demand deposits), M2 (near money), and M3 (broad money). Money demand is influenced by transaction, precautionary, and speculative motives. The quantity theory of money posits that changes in the money supply will impact the price level in an economy. Banks play an important role in the financial system, with central banks responsible for currency issuance and monetary stability and commercial banks accepting deposits and providing loans.
Lecture 2 for the MIT MediaLab Future Commerce course, delivered in Boston, MA on Sept. 20, 2016. In this talk, I discuss the Future of Money and how new technology like digital currencies and P2P finance innovations like bitcoin are going to change the very nature of money. We explore why money exists, the role it plays in our society, and how it shapes the way we interact with marketplace, markets, and financial infrastructure. We then outline opportunities to disrupt money itself with bitcoin and blockchain technology, and how entrepreneurs in the DCG portfolio are slowly changing the Future of Money.
The document discusses the evolution of money from early commodity forms like cattle and grains used as a medium of exchange, to the development of metallic coins, paper money, and modern forms like credit/bank money, plastic money, and digital currencies. It provides definitions of money and outlines the key functions of money as a medium of exchange, store of value, and unit of account. The document also examines the advantages and disadvantages of different forms of money throughout history as the concept has developed and modernized over time.
This presentation focuses on the evolution of the currency. It shows how we came this far in terms of exchanging ( money ).
This presentation presents the journey from the barter system to electronic money. Topics are explained with pictures for better understanding.
The Reserve Bank of India (RBI) acts as the central bank and currency authority of India. It issues currency notes in various denominations and regulates the country's money supply through its monetary policy tools. RBI maintains a network of currency chests across India to facilitate distribution and storage of currency. It also takes various measures to manage currency logistics, assess demand, and ensure quality and security of currency in circulation.
What are the different modes of fund transfer Tutors On Net
The document discusses different modes of fund transfer that were covered in a finance management class. It outlines several common methods: (1) digital money transfers between bank accounts which allows sending funds instantly, (2) cheque transactions which can be deposited via drop boxes for convenience, (3) direct deposit of salaries electronically for ease and saving paper, and (4) plastic money like credit/debit cards and services like PayPal and Text Pay Me which have revolutionized money transfer. The student felt informed by the material from their assignment help and prepared to present the best presentation on the topic.
Money functions as a medium of exchange, unit of account, and store of value. There are different forms of money including commodity money, fiat money, fiduciary money, and commercial bank money. The traditional barter system was replaced by money to overcome limitations like the lack of a double coincidence of wants. Demonetization in India in 2016 aimed to reduce corruption and black money but also caused short-term cash shortages and economic difficulties.
A brief history of money from barter to bitcoin. This presentation covers the essential characteristics of money and how it has evolved from barter to commodities to cash and finally to digitized currency, also known as "cryptocurrencies"--the most popular of which is bitcoin.
E-Rupi is a new digital payment instrument introduced by the Indian government. It functions as a prepaid voucher or QR code delivered via SMS that can be redeemed for a specific purpose, such as receiving healthcare services. It aims to enable cashless, contactless transactions and direct transfers to citizens and employees without leaks. The document outlines how E-Rupi works by involving issuers, acquirers, sponsors, merchants and beneficiaries. It also discusses the potential uses and advantages in reducing corruption and costs, as well as some challenges in adoption and security.
Chapter 6- moneytary policy and its management for BBAginish9841502661
Monetary policy and its management discusses key concepts related to monetary policy including money supply, factors affecting money supply, objectives of monetary policy, and instruments of monetary policy. Money supply is composed of currency in circulation and bank deposits available for spending. Factors that influence money supply include net foreign assets, net domestic assets, and reserve money. The main objectives of monetary policy are price stability, full employment, and economic growth. Central banks use instruments like bank rates, reserve requirements, and open market operations to tighten or loosen monetary policy and influence money supply.
The dermis is made of strong, flexible connective tissue that contains fibroblasts, macrophages, and occasionally other immune cells. It contains fibers that bind the body together and makes leather. The dermis has two layers - a superficial papillary layer and a deeper reticular layer. The papillary layer contains dermal papillae that interdigitate with the epidermis. The reticular layer makes up most of the dermal thickness and contains dense connective tissue that provides strength and elasticity to the skin.
The document compares and contrasts cash and cashless economies. It outlines the key advantages and disadvantages of each. A cash economy relies on physical money while a cashless economy relies on electronic payments. Demonetization in India boosted the transition towards cashless payments as digital payment platforms like Paytm saw record usage. However, moving to a fully cashless system also faces challenges due to issues like lack of digital infrastructure and internet access across large parts of the population. The government has launched various initiatives to encourage cashless transactions but forcing digital adoption could be problematic.
This document provides a history of the development of money. It begins with bartering and the use of shells as early forms of currency. It then discusses the introduction of coinage in Lydia in 600 BC and the later development of paper money in China in the 9th century. It also briefly outlines the gold standard, development of credit cards, and different types and functions of modern currencies like commodity, fiat, fractional, and fiduciary money.
Commerce can be called electronic marketing or e-commerce. This allows customers to easily find and order products online, reducing costs for companies and consumers. The document introduces different types of e-commerce including business-to-business (B2B), business-to-consumer (B2C), business-to-government (B2G), consumer-to-consumer (C2C), government-to-consumer (G2C), and government-to-business (G2B). B2B e-commerce makes up 80% of the market and involves online sales between companies. B2C involves companies selling directly to consumers online.
The document discusses the history of money and how bartering was used before modern currencies. Under bartering, people would directly exchange goods and services without a standard medium of exchange. Bartering was inconvenient as the items being traded had to be immediately exchangeable and transporting bulky or heavy goods was difficult. The document then defines money as anything widely accepted as payment for goods and services, which serves as a medium of exchange, store of value, and standard for deferred payments.
In this presentation we will talk about the process of “Marketing in Banking Sector” and its effect on the sector as a whole and services of individual Organization.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
What is Cryptocurrencies? Impact on World Economy & Indian Economyhritviksoni2
This document discusses cryptocurrencies and their impact on the world economy and India. It defines cryptocurrencies and different types like Bitcoin, Ethereum, Litecoin, and Monero. It explains how cryptocurrencies are challenging the US dollar's dominance, cutting out middlemen in financial transactions, and enabling new decentralized markets and crowdfunding methods. In India, cryptocurrencies are not officially recognized as currency but their use is growing, though legal status remains unclear. India's demonetization drove some to use cryptocurrencies due to cash shortages.
The document discusses the evolution of money from barter systems to modern digital currencies. It traces the development from commodity money used in early barter systems, to metallic coins, paper money, credit money issued by banks, electronic money used for digital payments, and most recently cryptocurrencies like Bitcoin. Each new form of money emerged to address limitations of previous forms as economies became more complex with globalization and advances in technology. The functions of money are also outlined, including primary functions like serving as a medium of exchange and store of value, and secondary functions like enabling the transfer and standardization of value.
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 !!
This document defines money and discusses its key functions. It notes that money serves as a medium of exchange, unit of account, standard of deferred payment, store of value, and means of transferring value. Money includes cash money created by central banks and governments as well as credit money created by commercial banks through loans. Narrow money supply (M1) consists of currency and demand deposits, while broad money supply (M2) includes M1 plus other deposits. The value and forms of money vary between legal tender created by authorities and conventional forms accepted privately.
1. The document discusses different aspects of money and the supply of money in India. It defines money and its key functions as a medium of exchange, measure of value, store of value, and standard for deferred payments.
2. It describes the different forms of money including legal tender money, optional money, near money, narrow money, broad money, and credit money. It also discusses the demand and supply factors that determine the quantity of money in the economy.
3. The monetary system in India is currently managed by the Reserve Bank of India, which issues currency notes and regulates the supply of money according to a minimum reserve system. Money supply is measured using various aggregates including M1, M2, M3
Starting from how money has evolved since the beginning and how it is continuing in the current times.
Including the characteristics and functions of Money
Economics project for class 12 on money and banking. it explains all the functions about RBI and includes everything needed to achieve good marks in project work.
Money is a system of value that facilitates the exchange of goods and services. It functions as a medium of exchange, allowing buyers to purchase goods with money and sellers to sell goods for money. Money also serves as a unit of account and measure of value, with the worth of all goods and services expressed in monetary terms. Additionally, money acts as a standard for deferred payments, making borrowing and lending more convenient by providing a standard way to calculate and repay future interest amounts.
Money can take many forms and is generally defined as anything widely accepted as payment. There are several definitions of money including descriptive definitions focusing on its functions as a medium of exchange, store of value, and unit of account. Legal definitions consider anything a government declares as money to be money. Historically commodity and metallic monies like gold, silver, and coins were used but issues with storage, transport, and divisibility led to the development of paper and electronic currencies not backed by commodities. Money serves primary functions like facilitating specialization and trade as well as secondary functions like enabling loans and acting as an economic policy tool, though it also has disadvantages like creating economic instability.
This document provides an overview of the evolution of money and banking systems. It describes how barter systems led to the use of commodities like metals as currency. Coins then became standard forms of currency and people began storing wealth with goldsmiths, leading to the development of paper money and early banking. It outlines the functions of modern commercial banks, including taking deposits, providing loans, facilitating transactions through checks and money orders. Key banking products like savings accounts, fixed deposits, current accounts and internet banking are also summarized.
NEFT and RTGS are electronic funds transfer systems operated by the Reserve Bank of India. NEFT operates in hourly batches for fund transfers of any amount with no minimum limit. RTGS provides real-time fund transfers for high-value transactions of Rs. 2 lacs and above, with settlement occurring individually on a continuous basis. Both systems allow fast domestic transfers between banks across India using IFSC codes, with NEFT being suitable for smaller transfers and RTGS for larger, time-critical transfers.
Econ315 Money and Banking: Learning Unit 02: What is Money?sakanor
Money and Payment System in the U.S.
This learning unit defines money and explains its key functions. It outlines the evolution of the U.S. payment system from commodity money to electronic payments. It also discusses how the money supply is measured through monetary aggregates like M1 and M2, and how these aggregates are used by the Federal Reserve to impact economic spending and conditions.
Money has several key functions - it acts as a medium of exchange, a unit of account, and a store of value. The document discusses the disadvantages of barter systems and defines money. It explains demand deposits that can be withdrawn at any time versus time deposits with fixed terms. The document also defines fiat money issued by governments, and outlines the four measures of money supply and what constitutes high powered money according to the Reserve Bank of India.
This document discusses money and its supply in India. It defines money and traces its origins from bartering to coins to paper money. It describes the evolution of money through different historical stages and lists the current forms of money as fiat/fiduciary money and full-bodied/credit money. The document also discusses the measures used to determine money supply in India, including M1, M2 and M3, and defines demand deposits. It identifies the central bank (RBI), commercial banks, and the government as the main suppliers of money in India.
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
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.
This document provides an overview of money and banking concepts. It defines money's primary functions as a medium of exchange and unit of account, and secondary functions as a store of value, standard for deferred payments, and means to easily transfer value. Money is classified as full-bodied, representative full-bodied, and credit money based on the relationship between its value as money and commodity value. Representative money includes convertible and inconvertible paper money. Credit money encompasses token coins, representative token money, circulating promissory notes, and demand deposits in banks. Key terms and characteristics of money are also introduced. The next session will cover characteristics of money in more detail.
This document discusses different types of monetary systems and money. It begins by explaining the barter system and how it has limitations due to the double coincidence of wants problem. It then describes how the monetary system addresses this using money that can be exchanged for goods and services. The document outlines various forms of money including commodity money, metallic money, paper money, bank money, and plastic money. It also discusses how central banks issue currency and the role of demand deposits and checks in the monetary system. The use of credit for purposes like domestic needs and crop production is covered as well.
This document defines money and discusses its key functions. It notes that money acts as a medium of exchange, unit of account, standard of deferred payment, store of value, and means of transferring value. The document outlines different forms of money including cash money created by central banks and credit money created by commercial banks through loans. It also discusses quantity theories of money, how money supply is measured, and references for further reading on macroeconomic topics related to money.
The document provides an overview of the evolution of money and the monetary system in India. It discusses the development from barter systems to various forms of money like commodity money, metallic money, paper money, and digital money. It describes the functions of money as a medium of exchange, store of value, and standard of deferred payments. It also discusses key concepts like the money supply and its components, sources of money supply, the role of the central bank (Reserve Bank of India) and commercial banks in money creation through credit. It provides definitions of legal tender money and different measures of money supply used in India.
Elevate Your Nonprofit's Online Presence_ A Guide to Effective SEO Strategies...TechSoup
Whether you're new to SEO or looking to refine your existing strategies, this webinar will provide you with actionable insights and practical tips to elevate your nonprofit's online presence.
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
3. WHY IS MONEY?
• Money can be easily exchanged against any commodity or
service.
• Transaction takes place quickly.
• Each commodity and service has fixed value in terms of
money.
4. BARTER SYSTEM
• Meaning : When goods and
services were exchanged without
use of money.
• Difficulties :
• (a) Double coincidence of wants.
• (b) Time consuming.
• (c ) No fixed monetary value of
things.
6. MODERN FORMS OF MONEY
o Currency notes and coins
o Debit, credit cards.
o Cheques and e-banking.
7. RESERVE BANK OF INDIA (CENTRAL BANK OF INDIA)
• To issue the currency notes and coins on behalf of Central Govt of India.
• To check the activities of other banks.
• To give general instructions to other banks, like keeping cash balance, giving loan to all on equal basis.
10. LOAN ACTIVITIES OF BANKS
• Terms and Conditions of bank loan:
• Loan Amount
• Duration of loan.
• Documents required.
• Interest Rate.
• Mode of re payment.
• Colateral.
• Guaranteer.
11. TWO SECTORS OF CREDIT IN INDIA
Formal Sector
Commercial banks and coperative societies
Informal Sector
Money lenders , landlords, traders, relatives and
friends and others.
12. WHY FORMAL SECTOR NEEDS TO EXPAND ITS LOAN
FACILITIES:
• Necessary for everyone to receive loans.
• Equal development of all.
• To overcome the exploitation of money lenders.
• Economic Development of Country.
13. SELF HELP GROUPS FOR POOR
• Benefits:
• Low rate of interests.
• No colateral.
• Decision making authority.
• Loan facility for variety of purposes.
• Women became financially self reliant.
• Platform to discuss social issues.