Skip to main content

MONEY?

The US twenty-dollar bill
Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".
The money supply of a country consists of currency (banknotes and coins) and demand deposits or 'bank money' (the balance held in checking accounts and savings accounts). These demand deposits usually account for a much larger part of the money supply than currency. Bank money is intangible and exists only in the form of various bank records. Despite being intangible, bank money still performs the basic functions of money, being generally accepted as a form of payment.

Comments

  1. i love and i wana money

    ReplyDelete
  2. Sepertinya ada yang salah tempat untuk pemasangan iklan PPCindo yang di sidebar anda itu...

    ReplyDelete
  3. techgame: thanks for your comment,

    ReplyDelete
  4. igoblog: thanks for the critikan from igoblog. and I'll try to fix all the deficiencies of blora01.blogspot.com

    ReplyDelete

Post a Comment

Popular posts from this blog

FaceBook Chat Emoticons

FaceBook Chat Emoticons Emoticons Shortcut Key Description :42: 42 Red Number FaceBook Chat Emoticon NEW!! O:) O:-) Angel FaceBook Chat Emoticon o.O O.o Confused FaceBook Chat Emoticon

Catering Equipment Supplies For Your Home-Based Catering Business

Whether you plan to put up a small or a large catering business, choosing the right catering equipment supplies can be very crucial as they contribute to the ease in food preparation and cooking and, of course, to the success of the business. There is a wide range of catering supplies that you can choose from. And before you decide to buy your own, it is important that you plan on what kind of catering business you plan to start up, what you will be cooking and preparing and the number of customers that you will cater to. Catering equipment supplies can be divided into three main categories: equipment for food storage, equipment for food preparation and equipment for