INGLES TÉCNICO ALUMNO: Edgar Jaqquehua Borda EXHIBITION ON MONEY Hi good afternoon my name is Edgar Jaqquehua Borda I am career culminating economy This time I will give you some important implications about money. Money is accepted in the economy means for conducting transactions for buying and selling goods and services and for the payment or cancellation of debts; ie, it is a medium of exchange and a means of payment. It is also a financial asset because it allows or book value of wealth but, unlike others, is a liquid financial asset because their purchasing power can be performed at any time Money performs four main functions in the economy: it is a unit of account and price pattern, a medium of exchange, a means of payment and a store of value. History of Money: Barter: direct exchange of goods without money stock. Money merchandise: physical merchandise is valued for itself and sometimes is used for final consumption. Ex .: head of cattle. Metallic Money: A particular type of commodity money, as such, has an intrinsic value. Ex .: gold coin. Paper Currency Convertible: Document entitling circulating goods as payment, usually gold or silver. Fiat money: Merchandise, practically no intrinsic value, which performs the functions of money by order of the issuing authority. Ex .: ticket for 20 euros. Money note: Loan to implies a commitment of the borrower to repay the amount with notes and coins in circulation. Ex .: check.
INGLES TCNICOALUMNO: Edgar Jaqquehua BordaEXHIBITION ON MONEYHi
good afternoon my name is Edgar Jaqquehua Borda I am career
culminating economy This time I will give you some important
implications about money. Money is accepted in the economy means
for conducting transactions for buying and selling goods and
services and for the payment or cancellation of debts; ie, it is a
medium of exchange and a means of payment. It is also a financial
asset because it allows or book value of wealth but, unlike others,
is a liquid financial asset because their purchasing power can be
performed at any time Money performs four main functions in the
economy: it is a unit of account and price pattern, a medium of
exchange, a means of payment and a store of value.
History of Money: Barter: direct exchange of goods without money
stock. Money merchandise: physical merchandise is valued for itself
and sometimes is used for final consumption. Ex .: head of cattle.
Metallic Money: A particular type of commodity money, as such, has
an intrinsic value. Ex .: gold coin. Paper Currency Convertible:
Document entitling circulating goods as payment, usually gold or
silver. Fiat money: Merchandise, practically no intrinsic value,
which performs the functions of money by order of the issuing
authority. Ex .: ticket for 20 euros. Money note: Loan to implies a
commitment of the borrower to repay the amount with notes and coins
in circulation. Ex .: check.
