This document provides an overview of Chapter 1 from a Money & Finance Management course. It defines money and explores its history and origins. Money originated as a commodity used for bartering before evolving into coins and representative money like receipts. The key functions of money are also outlined as being a medium of exchange, unit of account, store of value, and occasionally a standard for deferred payment. Examples are given to illustrate each function.
This slide deals with the origin, meaning, characteristics, and importance of banks. It also talks about merchant bankers, Moneylenders, and Goldsmiths. There is a light about the history of banking and the ancients of modern banks.
This slide deals with the origin, meaning, characteristics, and importance of banks. It also talks about merchant bankers, Moneylenders, and Goldsmiths. There is a light about the history of banking and the ancients of modern banks.
As you may be aware, life expectancy of individuals has increased; which brings with it rise in medical and living costs during old age. Therefore, it is imperative to make provision for expenses wisely. All of us want to maintain our standard of living during our old age as well, but to do so we need to actually start thinking and planning for our retirement right from the beginning of our career when we are young. This ppt aims to help you understand how you can identify and establish your financial goals.
"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
An investor is a person who allocates capital with the expectation of a future financial return. Types of investment include : equity , debt securities , real estates, currency , and commodity , derivatives such as put and call options, etc,
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.
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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
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As you may be aware, life expectancy of individuals has increased; which brings with it rise in medical and living costs during old age. Therefore, it is imperative to make provision for expenses wisely. All of us want to maintain our standard of living during our old age as well, but to do so we need to actually start thinking and planning for our retirement right from the beginning of our career when we are young. This ppt aims to help you understand how you can identify and establish your financial goals.
"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
An investor is a person who allocates capital with the expectation of a future financial return. Types of investment include : equity , debt securities , real estates, currency , and commodity , derivatives such as put and call options, etc,
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
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
Sylvain Perrier President and CEO of Mercatus Technologies, delivers a historical review of the most compelling inventions that have shaped grocery retail from 10,000 BC through 2014 and on.
This document is a summary of research I conducted on the many components of retail's evolution. I think you find that it is more comprehensive and insightful than most.
Mass Media vs. User-Generated Content is a thought-provoking presentation about media bias. It gives voice to anyone download, remix and share their own version:
http://www.mediacorpse.org
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio economic context.
Monetary means relating to money, especially the total amount of money in a country. [business] Some countries tighten monetary policy to avoid inflation. Synonyms: financial, money, economic, capital More Synonyms of monetary.
UNIT 4 MEANING AND EVOLUTION OF BANKING
CONTENTS
1.0 Introduction
2.0 Objectives
3.0 Main Content
3.1 Meaning of a Bank, Banking and Banker
3.2 Evolution of Banking
4.0 Conclusion
5.0 Summary
6.0 Tutor-Marked Assignment
7.0 References/Further Readings
1.0 INTRODUCTION
Various attempts have been made to define the term bank or banker.
In this unit, we shall define the term bank or banker. We shall also trace
the origin of banking.
2.0 OBJECTIVES
At the end of the unit, you should be able to:
• Explain the meaning of a Bank, Banking or Banker
• Trace the evolution of Banking in Nigeria.
3.0 MAIN CONTENT
3.1 Meaning of Bank
As a result of different kinds of banks in existence nowadays, it would
be difficult, or at least cumbersome, to formulate a definition of banking
which connotes the diverse activities of all kinds of banks. We shall
therefore consider the definition under three view points:
a) Definitions of bank or banker by Text-Book Writers
b) Definitions of bank or banker by Status
c) Definitions of bank or banker as expressed by the Courts
a) Definitions of bank or banker by Text-Book Writers: A bank
has been defined by Dr. Hart as " a person or company carrying
on the business of receiving moneys, and collecting drafts, for
customers subject to the obligation of honouring cheques drawn
upon them from time to time by the customers Lo the extent of the
amounts available on the current accounts".
MBF833 MONEY AND
BANKING
In his 8th edition, published in 1972 Paget defined "a bank or
banker as a corporation or person (or group of persons)
who accept moneys on current accounts, pay cheques drawn upon
such account on demand and collect cheques for customers, that
if such minimum services are afforded to al and sundry without
restriction of any kind, the business is a banking business,
whether or not other business is undertaken at the same time; that
providing the banking business as so understood is not a mere for
other business, the person or corporation is a banker or bank for
the purposes of statutes relating to banking, other than those
where the sole criterion is the satisfaction of some government
department".
Chamber's Twentieth Century Dictionary defines a bank as an
"institution for the keeping, lending and exchanging, etc of
money. Economists have also defined a bank highlighting
its various functions. According to Crowther, "The banker's business
is to take the debts of other people to offer his own in exchange,
and thereby create money." A similar definition has been given
by Kent who defines a bank as "an organisation whose principal
operations are concerned with the accumulation of the
temporarily idle money of the general public for the purpose of
advan
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".
Similar to Money and finance management chapter 1 (20)
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.
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 website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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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
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
4. Definition of Money
Money is an object
that is accepted as
payment for
goods, services or
repayment of debts in
society.
5. The word "money" is
believed to originate from
Greek history. In the ancient
world, Hera was often
associated with money. The
temple of Juno Moneta at
Rome was the place where
the mint of Ancient Rome
was located.
Etymology
6. The name "Juno" may derive
from the Etruscan goddess Uni
(which means "the
one", "unique", "unit", "union", "
united") and "Moneta" either
from the Latin word "monere"
(remind, warn, or instruct) or
the Greek word "moneres"
(alone, unique).
7. Trade between people may
date back to at least 100,000
years ago. Instead of money
they were using barter
methods. Barter is a method
of exchanging goods. For
example they were giving a
chicken in return of a box of
apples.
History
8. But this system was not accurate.
Eventually many cultures
developed the use of commodity
money whose value comes from a
commodity of which it is made. The
first usage of them came from
Mesopotamia circa 3000 BC.
According to Herodotus the Lydians
were the first people that used
gold and silver to make coins.
9. The system of commodity money
evolved into a system of
representative money as gold and
silver merchants, and banks
started to issue receipts to their
depositors redeemable for the
commodity money deposited. In
the end these receipts became
generally accepted as a means of
payment and were used as money.
10. Function of Money
The main functions of money are:
a medium of exchange
a unit of account
a store of value
and occasionally in the past, a standard of deferred
payment.
Any kind of object or secure verifiable record that fulfills
these functions can be considered money.
11. Medium of Exchange
Medium of exchange function of money is used to
intermediate the exchange of goods and services. It avoids
the inefficiencies of the barter system as it was hard to
conclude a deal of the value of the goods that were
exchanged by two sides. Maybe the money’s most
important usage is as a method for comparing the values
of dissimilar objects.
12. Unit of Account
Money is the common standard for measuring relative
worth of goods and services.
=
13. Unit of Account
For example,
Prices in the U.S. are expressed in dollars. The function of
money for the price of bread is $2/loaf
The price of wine is $6/bottle.
A loaf of bread costs 1/3 of a bottle of wine and a bottle of
wine costs 3 loaves of bread.
14. Store of Value
The money which is saved and stored and used as a medium of
exchange. The value of money generaly remains stable but we
should not forget the inflation effect.
15. Store of Money
For example:
Real estate, precious metals, gem stones, and similar assets
can be used in this way.
16. Standard of deferred payment
It is the money which is used as a standard benchmark to use
in the future. The real value of money changes due to the
inflation and deflation.
It is a direct result of the store of value, and measure of value
functions of money.
It means «buy now, pay later»
17. Standard of deferred payment
For example:
Buying a car, especially paying off a car loan. An individual can
get a loan to buy a car today, then pay off the loan with
payments deferred into the future. In the same way that an
immediate payment is stated in terms of the monetary
unit, so too is any deferred payment.