Search results “What does money is a store of value mean”
Functions of money | Financial sector | AP Macroeconomics | Khan Academy
What does money actually do? Economists usually subdivide its functions into three categories: A medium of exchange, a store of value, and a unit of value. Created by Grant Sanderson. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/definition-measurement-and-functions-of-money-ap/v/functions-of-money?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 45282 Khan Academy
Money #3 - Store of Value
VOICE NARRATOR: Previously we saw the functions of money to be the medium of exchange and the unit of account. It is also a store of value. What does the basic idea look like, in a flowchart language? Starting from barter, we saw that money imitates the exchange value. Now let's flip it sideways to start a chain: We see that money extends the specialization of goods, while it can store part of the gains from trade. You can hold onto it, and spend it later. You can wait until you have enough to buy something big. You can save it in a bank, which lends it to a business for investment, and you can earn interest on that. So, the "standard of deferred payments" is sometimes called the fourth function of money. Money is a store of value, but it has no value in itself. It may lose value. For example, if we quickly double the amount of money in the whole economy, it will not double the amount of goods and services, it will double the prices. This is called inflation and if it is rapid, it is harmful. We will study inflation later, in macroeconomics.
Views: 3366 Ecolanguage
Four functions of money
Learn about the different functions of money and how money shapes what we do. In this video you will learn about how money functions as: - A medium of exchange - A store of value - A unit of account - A means of deferred payment
Views: 3623 EnhanceTuition
Money as a Store of Value
Lecture by 19 2 17 By Sheikh Imran N Hosein
Views: 163 orang ramai
Why Money is not a Store of Value
This video describes, using a simple example, why it is incorrect to think of money as a store of value. Instead, it is more fitting to think of money as a symbol of value, or a symbolic representation of stored value. Value is in fact stored in the useful resources, goods and services of a society. This distinction is important because storing money is not at all equivalent to storing useful resources. Stored resources increase supply and reduce demand because the actual amount of useful stuff is increased. Stored money simply determines who gets access to existing resources. This distinction is very important, because it doesn't matter how much money exists if the stores of useful resources are destroyed.
Views: 54 The Value of Truth
What gives a dollar bill its value? - Doug Levinson
View full lesson: http://ed.ted.com/lessons/what-gives-a-dollar-bill-its-value-doug-levinson The value of money is determined by how much (or how little) of it is in circulation. But who makes that decision, and how does their choice affect the economy at large? Doug Levinson takes a trip into the United States Federal Reserve, examining how the people who work there aim to balance the value of the dollar to prevent inflation or deflation. Lesson by Doug Levinson, animation by Qa'ed Mai.
Views: 2007311 TED-Ed
Money and Finance: Crash Course Economics #11
So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 686365 CrashCourse
A Real Discussion on Currencies as  Store of Value
This is Reggie Middleton discussing currencies, a real discussion of a store of value and medium of exchange and the potential for Bitcoin relative to Fiat
Views: 493 Reggie Middleton
SR 340 - Money Creation 2 - "Store of Value"?
Should money be a "store of value"?
Views: 4437 The Still Report
The History of Paper Money - Origins of Exchange - Extra History - #1
Giant stones sunk under the sea? Cows? Cowrie Shells? What do they all have in common? They were all money. Find out how we got from exchanging these things to doing 8 hours of work for a stack of paper that takes 2 seconds to print on The History of Paper Money. (--More below) Support us on Patreon! http://bit.ly/EHPatreon Grab your Extra Credits gear at the store! http://bit.ly/ExtraStore Subscribe for new episodes every Saturday! http://bit.ly/SubToEC Play games with us on Extra Play! http://bit.ly/WatchEXP Talk to us on Twitter (@ExtraCreditz): http://bit.ly/ECTweet Follow us on Facebook: http://bit.ly/ECFBPage Get our list of recommended games on Steam: http://bit.ly/ECCurator ____________ ♪ Get the intro music here! http://bit.ly/1EQA5N7 *Music by Demetori: http://bit.ly/1AaJG4H ♪ Get the outro music here! http://bit.ly/23isQfx *Music by Sean and Dean Kiner: http://bit.ly/1WdBhnm
Views: 1325630 Extra Credits
What Is Money?
One of our favorite questions from readers for Economics in Plain English was deceptively simple: What, after all, is money? And what sets it apart from something that's simply valuable? A big abstract idea like this called for a hands-on experiment. In this episode, business editor Derek Thompson pays a visit to a branch of EagleBank in Arlington, VA, to bother the world's friendliest bank teller with a series of dumb requests. As goofy as it seems, this little experiment is a helpful way to illustrate three essential functions of money: a store of value, a unit of account, and a medium of exchange. But you'll have to watch to see why. Watch more episodes of Economics in Plain English: http://bit.ly/1rqkLRT Watch more videos: http://www.theatlantic.com/video Subscribe to The Atlantic on YouTube: http://bit.ly/1pE29OW Follow Derek Thompson on Twitter: https://twitter.com/dkthomp Twitter: https://twitter.com/TheAtlanticVID Facebook: https://www.facebook.com/TheAtlantic Google+: https://plus.google.com/+TheAtlantic
Views: 20960 The Atlantic
Bitcoin is Store of Value and Divisible Currency (Here is Why)
Many Bitcoin critics rely on the argument that Bitcoin does not fit the definition of a money, a unit of account, or that it cannot be a store of value and a currency at the same time. In this video I will explain why these claims fall short. I will also discuss some interesting and new properties that Bitcoin has that bring uncertainty into our existing models of monetary system and exchange. ================================================= 💰Patreon: https://www.patreon.com/Aimstone 🚀Let’s connect on Steemit: https://steemit.com/@astakhiv92 =================================================== 💰Get a Coinbase Wallet! - https://www.coinbase.com/join/5a4bf25... Sign up! 💰Get a Binance Wallet! - https://www.binance.com/?ref=21867060 Sign up! =================================================== ★ Any donation is highly appreciated. 🔑 BTC Wallet Address: 16EtKHG2rwH2NqA4MniK4JRhzPyv5AeiER 🔑 ETH Wallet Address: 0x1db0fa9a379e46cb205a39a0766e30d3e3d0d11e 🔑 LTC Wallet Address: LRcmBavhskBURqmw1sujV5LS8WUPvfaNj8 =================================================== ➤ Bear Market Is Coming: https://www.youtube.com/watch?v=Rcl7fjj48qA ➤ Bitcoin Fundamentals: https://www.youtube.com/watch?v=TFkNLPvVZYQ ➤ Bitcoin Privacy: https://www.youtube.com/watch?v=bWuVPOH1tuU ==================================================== Thank you so much for watching! ====================================================
Views: 3489 Aimstone
Money as a store of value
Virgin Money's Structural Liquidity Manager, Mr Karl Morgan, explains why money acts as a store of value. (fast forward to 1min 4secs to skip the repeated intro)
Views: 97 G Conomics
12 Difference Between Money And Currency
1. Currency is a tangible concept that is based on the intangible money. Currency is the promissory note or coin that is presented in form of money.  2. Money is a store of value and maintains its purchasing power over a long period of time. Silver and gold is the optimum form of money because of its properties. 3. Money has to be a medium of exchange, a unit of account, a store of value, and a standard of payment. 4. One of the biggest problems with currency is that the governments can print more and more of it whenever they want or need to.  5. Currency is simply paper. This paper money is a tool for trading your time. 6. Currency does not have consistent value.  7. Currency: It is portable. It is durable. It is divisible. (you can make change from it). 8. Money: It is a medium of exchange. A unit of account. It is portable. It is durable. (it never changes from one century to the next). It is divisible. (you can make change from it). It is fungible (interchangeable). It is the same wherever it is on earth. 9. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. 10. Currency loses value over time due to inflation and other factors while money isn't supposed to lose value due to limited supply. 11. Divisibility: Money can easily be subdivided into or combined with other quantities. 12. Currency is printed but money is created.
Views: 2068 Patel Vidhu
Define Money Where Does Money Come From?
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context or is easily converted to such a form.[citation needed] The main functions of money are distinguished as a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It 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, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of the broad money in developed countries.
What is CONVERTIBILITY? What does CONVERTIBILITY mean? CONVERTIBILITY meaning & explanation
What is CONVERTIBILITY? What does CONVERTIBILITY mean? CONVERTIBILITY meaning - CONVERTIBILITY pronunciation - CONVERTIBILITY definition - CONVERTIBILITY explanation - How to pronounce CONVERTIBILITY? Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Convertibility is the quality that allows money or other financial instruments to be converted into other liquid stores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be exchanged. Freely convertible currencies have immediate value on the foreign exchange market, and few restrictions on the manner and amount that can be traded for another currency. Free convertibility is a major feature of a hard currency. Some countries pass laws restricting the legal exchange rates of their currencies, or requiring permits to exchange more than a certain amount. Some currencies, such as the North Korean won, the Transnistrian ruble and the Cuban national peso, are officially nonconvertible and can only be exchanged on the black market. If an official exchange rate is set, its value on the black market is often lower. Convertibility controls may be introduced as part of an overall monetary policy. For example, restrictions on the Argentine peso were introduced during an economic crisis in the 1990s, and scrapped in 2002 during a subsequent crisis. Convertibility first became an issue of significance during the time banknotes began to replace commodity money in the money supply. Under the gold and silver standards, notes were redeemable for coin at face value, though often failing banks and governments would overextend their reserves. Historically, the banknote has followed a common or very similar pattern in the western nations. Originally decentralized and issued from various independent banks, it was gradually brought under state control and became a monopoly privilege of the central banks. In the process, the principle that the banknote was merely a substitute for the real commodity money (gold and silver) was gradually abandoned. Under the gold exchange standard, for example the Bretton Woods Institutions, banks of issue were obliged to redeem their currencies in gold bullion, or in United States dollars, which in turn were redeemable in gold bullion at an official rate of $35 per troy ounce. Due to limited growth in the supply of gold reserves, during a time of great inflation of the dollar supply, the United States eventually abandoned the gold exchange standard and thus bullion convertibility in 1974. Under the contemporary international currency regimes, all currencies' inherent value derives from fiat, thus there is no longer any thing (gold or other tangible store of value) for which paper notes can be redeemed.
Views: 1657 The Audiopedia
#56, Money and barter system (Class 12 macroeconomics)
Class 12 macroeconomics... Barter system.... Limitations of barter system.... Money ... Functions of money.... Contact for my book 7690041256 Economics on your tips video 56 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 323803 Economics on your tips
What is Money
What is money? Money is a commodity like every commodity whose value is determined by supply and demand. Its primary function is a medium of exchange (also a unit of account, store of value and a standard of deferred payment. Qualities of money can be acceptable by most people, standard quality, durable,valuable and dividable). What society agrees as to what is money has evolved and continues to evolve (barter, commodity money, fiat money, M1, M2, M3 Bitcoin etc). This is why money is organic rather than something simply declared as legal tender. All free markets are organic in the sense individuals come together with their double coincidence of wants to exchange. The market for money is no different. The control of the supply money by a country's central bank is a debatable topic based on economic theory. However,understand that is a cipher. In its ideal form it should have no affect on the real economy other than facilitating trade. Like a train that leaves on time, your communicate does not affect the real workings of your business day. This is why the real goal of monetary policy is to create stability and confidence in the monetary system so people can focus on the real workings their business.
Views: 198 Econ Lessons
What does store of value mean?
What does store of value mean? A spoken definition of store of value. Intro Sound: Typewriter - Tamskp Licensed under CC:BA 3.0 Outro Music: Groove Groove - Kevin MacLeod (incompetech.com) Licensed under CC:BA 3.0 Intro/Outro Photo: The best days are not planned - Marcus Hansson Licensed under CC-BY-2.0 Book Image: Open Book template PSD - DougitDesign Licensed under CC:BA 3.0 Text derived from: http://en.wiktionary.org/wiki/store_of_value Text to Speech powered by TTS-API.COM
Measures of Money Supply
This video lesson is on the measures of money supply. What are the functions of money? Money is a medium of exchange, a unit of account, and a store of value. How is money defined and measured? M1 includes items that are primarily used as a medium of exchange. M2 includes items that are used as a store of value. M3 includes items that serve as a unit of account.
Views: 2600 Chris Thomas
Store of value vs. payment rails - What is Bitcoin Worth? (Part 3)
Patreon: https://www.patreon.com/theinvisiblefootofgovernment bitcoin wallet: 1A6oNTWReRy2reBwaHPLJ8147XTU2vGikm We thank you for all of your support so so much :) Paper by John Pfeffer https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904 Watch, like, subscribe and tell us your opinion in the comments! Narration --------------------------------------------------------------------------------- What is Bitcoin worth? - Part 3 Definitely watch part 1 and 2 first! So let’s move on to crypto tokens that are used as money. Money basically has 3 functions: -store of value -means of payment and -unit of account Cryptocurrencies -have a lot of advantages as a store of value over say gold, -have advantages over existing payment methods in a couple of areas like international payments, -and have an advantage as a unit of account in a very specific function in international trade and global commodity markets. A monetary store of value is not just any old asset. It has a value that is decoupled from its utility for other purposes and from the cost of making/extracting and storing it. For example: Petroleum has value, and a warehouse full of stuffed animals has value, but companies and people try to minimize how much of them they keep in inventory, they don’t keep their savings in petroleum or stuffed animals. On the other hand gold is stored in lumps that are not intended to ever be used for anything else and it’s price is arbitrarily expensive relative to its extraction and storage cost. Its value is subjective. Now funny enough in the crypto world people think that a good crypto used as money needs to be both a good store of value and a good payment method. But why should that be true? I mean think about the conventional things we use today: -Means of payment are: Visa, Visa debit, SWIFT, PayPal, Apple/Google Pay, Western Union, and physical cash -Monetary stores of value are: Gold, fixed and demand bank deposits and physical cash. Practically none of them are used as both, only cash and we typically try to minimize how much cash we have, basically only a little bit in our wallets. No company prices their goods in gold and no one pays for their coffee in gold, but funny enough that doesn’t keep people from using gold as a store of value. It’s of course possible that a single crypto asset will be used as a store of value and for some payments, but why if we can have an array of different crypto assets with features that are much more fine tuned to their use. So it’s unlikely that the same crypto asset will be both the dominant store-of-value and payment rails. One possible long term outcome could be a mix of non-sovereign cryptocurrencies, sovereign digital currencies, off-chain payment solutions and conventional payment systems like Visa, PayPal and Apple/Google Pay all competing in payments and each being used for different situations, just like today we use different payment methods for different types of payments. And a single dominant non-sovereign monetary store of value that plays a similar role as gold plays today for foreign reserves and maybe also as a unit of account for international trade and commodities. So let’s first look at payments Cryptos used as payments without the monetary store of value function are also utility protocols so everything we discussed so far applies to them. And let’s move on to cryptos as monetary store of value It’s likely that one cryptocurrency will become the dominant non-sovereign monetary store of value, because it’s not clear what utility having two or more would add. Gold is currently the only dominant store of value that isn’t a fiat currency or tied to one. Silver, gold’s only rival’s monetary use is trivial. So let’s try to calculate the value of a crypto currency if it became a dominant non-sovereign store of value. That’s it for now, but there is 1 more part to come. So bye for now and ‘till the next part!
Views: 160 Bite-size Econ
Bernard Lietaer on the definition of money
All economic textbooks define money as standard of value, medium of exchange, store of value. This is not what money is, this is what money does, these are the functions of money. My working definition of money is: "Money is an agreement within a community to use something standardized as a medium of exchange." For more info, please visit: http://www.money-sustainability.net/ and http://www.lietaer.com/
Views: 1480 stroombank
Should Bitcoin Just Be A Store Of Value?
▶▶▶ THE BEST INVESTMENT OF 2018 - https://youtu.be/2ml9R6DUOaU ▶▶ ONLY ICO TO OFFER FREE VACATIONS - https://www.TravelBlock.io/ ▶ PEEP THE STEEMIT - https://steemit.com/@travelblock STEEMIT ▶▶▶ UPVOTE MY STEEMIT POST HERE: https://goo.gl/M97fU6 TheCryptoFiend is running a competition - https://steemit.com/bitcoin/@thecryptofiend/answer-and-win-500-sp-should-bitcoin-just-be-a-currency-or-store-of-value Should Bitcoin just be a store of value.. or can it be a currency? If you'd like to support me and my work, please go click the link above and upvote my comment :) If you can't find it, just hit (CTRL + F) and search for "avilsd" and you'll find it. This is for 500 SP which is a fair chunk of change. If you still haven't made an account yet, definitely look into Steemit and when you do follow me on there and send me some of your links! #steemit all the way broooooos Steemit links of interest: https://steemit.com/steemit/@penguinpablo/this-week-saw-an-increase-of-42-in-the-daily-number-of-posts https://steemit.com/steemit/@stephenkendal/steemit-tuesday-saw-a-record-breaking-22-197-blogs-per-day-924-9-blogs-per-hour-15-41-blogs-per-min-or-1-blog-every-3-89-seconds https://steemit.com/steemit/@stephenkendal/steemit-with-the-average-number-of-registered-accounts-for-june-increasing-to-2-123-i-am-pleased-to-confirm-i-have-lifted-the https://steemdata.com/charts Steemit FAQ: https://steemit.com/faq.html https://steemit.com/steemit/@mindover/steemit-for-dummies-like-me-everything-you-need-know-to-get-started https://steemit.com/steem/@steemrollin/steem-where-does-the-money-come-from ► My Instagram - https://www.instagram.com/AVILSD/ ► My Twitter - https://twitter.com/MDMA ▶ SUBSCRIBE TO MY SECONDARY CHANNEL FOR CRYPTOCURRENCY NEWS! ► https://www.youtube.com/c/KuberaYT ▶ ▶ ▶ MY BTC ADDRESS: 14885QjwiTxYG9irzxdYKspZtZYyyVJDbX ▶ ▶ https://trippyverse.com/ - 15% OFF trippy gear using "AVILSD" discount code! 🍄
Views: 1076 AVI
Mind Over Money Documentary
Mind Over Money Documentary Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It 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".Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it. The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries. Read More; https://en.wikipedia.org/wiki/Money May you find this video informative and be thrilled to subscribe for more. Thanks for watching! Destination Channel https://www.youtube.com/channel/UCM2gsRSdiokLpcTwgFGJBWQ Amazing Architecture https://www.youtube.com/channel/UCp742CN2I0TM4ediPAJrJ1g Marvelous Engineering https://www.youtube.com/channel/UCBXX_DYVJFaJd2nXdyMkWYA Health is Wealth https://www.youtube.com/channel/UCD6he5QLtjOseb3u8Yq2hrA Conspiracy Documentary https://www.youtube.com/channel/UCDedgBFhKaFFSVUwPtVgAEg WildLife Channel https://www.youtube.com/channel/UCaMJSdvVcgb7JO33dQkrLug Transportation Documentaries https://www.youtube.com/channel/UCGXAWeusU8CECfGb05a3_Wg HD Documentaries https://www.youtube.com/channel/UCReUDbXfNmg3jNR3yiGjFTw Conspiracy Documentary Film https://www.youtube.com/channel/UCWbDLtPDOLiWIWybFTzHOBw Best Viral Video https://www.youtube.com/channel/UCjlp4UEuMkLsMmLrHDeCAvA Top 30 Documentary https://www.youtube.com/channel/UCxSUn3lqeTaGPqNe1AiXF1A Most Amazing Documentary https://www.youtube.com/channel/UCMDz4HDVcTwyy2GljOX_d8Q HD Documentary https://www.youtube.com/channel/UCsUoC6DfK_9ffcD9fShg1wQ Epic Top 10 https://www.youtube.com/channel/UCeJSDfS6QXj1aNL4nk9XAhw Awesome People https://www.youtube.com/channel/UCr-LgU5ddtwc-L5gipjIQ9A https://www.youtube.com/channel/UCM2gsRSdiokLpcTwgFGJBWQ https://www.youtube.com/channel/UCp742CN2I0TM4ediPAJrJ1g https://www.youtube.com/channel/UCBXX_DYVJFaJd2nXdyMkWYA https://www.youtube.com/channel/UCD6he5QLtjOseb3u8Yq2hrA https://www.youtube.com/channel/UCDedgBFhKaFFSVUwPtVgAEg https://www.youtube.com/channel/UCaMJSdvVcgb7JO33dQkrLug https://www.youtube.com/channel/UCGXAWeusU8CECfGb05a3_Wg https://www.youtube.com/channel/UCReUDbXfNmg3jNR3yiGjFTw https://www.youtube.com/channel/UCWbDLtPDOLiWIWybFTzHOBw https://www.youtube.com/channel/UCjlp4UEuMkLsMmLrHDeCAvA https://www.youtube.com/channel/UCxSUn3lqeTaGPqNe1AiXF1A https://www.youtube.com/channel/UCMDz4HDVcTwyy2GljOX_d8Q https://www.youtube.com/channel/UCsUoC6DfK_9ffcD9fShg1wQ https://www.youtube.com/channel/UCeJSDfS6QXj1aNL4nk9XAhw https://www.youtube.com/channel/UCr-LgU5ddtwc-L5gipjIQ9A
Views: 5708 Mind Blowing Videos
Is Gold Money? – Part 1
http://illuminatisilver.com The Death of Money: The Coming Collapse of the International Monetary System - Jim Rickards UK Link - https://amzn.to/2QhGC0L US Link - https://amzn.to/2wYXMaL Other book/course Links: The Silver Bomb - The End of paper Wealth is Upon Us UK Link - https://amzn.to/2wQgguG US Link - https://amzn.to/2wLtF6k Stack Silver Buy Gold For Beginners: How And Why To Invest In Physical Precious Metals And Protect Your Wealth When The Money Bubble Pops: US Link - https://amzn.to/2BI3CCS UK Link - https://amzn.to/2BL1DxH Bitcoin What Is It? Your Definitive Guide To Bitcoin Wealth! https://bit.ly/2wy1Z5M Homestead Prepping https://bit.ly/2wMYxVd Food Stock Piling https://bit.ly/2MO5S0q Today is Sunday 9th September 2018 and we are asking the question is Gold Money? Well today we shall put forward the argument why it is not and tomorrow we shall put forward the reasons why it is. We shall deal with this at a relatively superficial level, as frankly this subject has formed many a thesis of Doctoral Research in Financial Services, but it will serve no benefit in making it too academic, so we shall attempt to cover this as simply as possible without losing the main tenets of the debate. So, before we ask is gold money we need to define what money actually is. Well according to Wikipedia it is as follows: ‘Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular 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 sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.’ Well the Financial elites state that gold is either not money or nor should it form part of our monetary system. They generally put forward the following arguments: 1. There is not enough gold in the world to support finance and commerce and therefore it cannot be deemed to be money 2. The quantity of gold cannot grow fast enough to cover an expanding economy; for when an economy expands, the money supply has to increase to maintain price stability. 3. Gold has no yield e.g. Warren Buffet has often said stocks give you dividends and Bonds give you interest, gold gives you nothing. 4. People like Paul Krugman have argued that when gold was classed as money, we witnessed some of the world’s great depressions and financial crisis and therefore it can never be returned as money. 5. Finally it as been said that gold has no intrinsic value and therefore it cannot be money its just a shiny metal. So, in this brief video we have indicated what money is and the 5 main arguments the financial elites put forward as to why gold can never be regarded as money. Now before you smash you computer, ipad or iphone in disgust, tomorrow we shall put forward quite convincing arguments as to why gold could and should be regarded as money – wow just think illuminati ex bankers arguing in favour of gold – surely you must tune into that? Watch out for us tomorrow. Please view our recent videos: Gold and Silver weekly Update – w.e. 7th September 2018 https://youtu.be/7tMEEe-tSRg Silver markets nervous ahead of Jobs Report https://youtu.be/SGeP7nzKC0I Thank you for 12,000 Subscribers and a Gift for 3 Subscribers https://youtu.be/kTaJkBEhYcM Gold and silver break below important support levels. https://youtu.be/G-AKXJVMFbc Financial Armageddon – Final Day revisited. https://youtu.be/uP9nOv8tyRU Emerging Market Collapse – why are Gold & Silver prices affected? https://youtu.be/ukN9Xl9LIhA Illuminati Silver - Inner Sanctum Trailer - Date Reminder : 1st Nov 18 https://youtu.be/UijZVU3thmA Gold and Silver weekly Update – w/e 31st August 2018 https://youtu.be/KGcedn-Lljg 3 Easy ways to identify silver and gold market trends. https://youtu.be/yxoYx_pEgwc Will Equities rise cause silver prices to fall? https://youtu.be/EK7hZLn7t9I Why the gold to silver ratio is important? https://youtu.be/hQ4K2K2tovg Could the China Trade Spat adversely affect Gold & Silver Prices https://youtu.be/bq2KbaQ71Xg
Views: 5710 Illuminati Silver
What is MEDIUM OF EXCHANGE? What does MEDIUM EXCHANGE mean? MEDIUM OF EXCHANGE meaning - MEDIUM OF EXCHANGE definition - MEDIUM OF EXCHANGE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. By contrast, as Othien James Jevons argued, in a barter system there must be a coincidence of wants before two people can trade – one must want exactly what the other has to offer, when and where it is offered, so that the exchange can occur. A medium of exchange permits the value of goods to be assessed and rendered in terms of the intermediary, most often, a form of money widely accepted to buy any other good. Fiat currencies are the generally accepted mediums of exchange. Their most important and essential function is to provide a 'measure of value'... Hifzur Rab has shown that the market measures or sets the real value of various goods and services using the medium of exchange as unit of measure i.e., standard or the yard stick of measurement of wealth. There is no other alternative to the mechanism used by the market to set, determine, or measure the value of various goods and services. Determination of price is an essential condition for justice in exchange, efficient allocation of resources, economic growth, welfare and justice. The most important and essential function of a medium of exchange is to be widely acceptable and have relatively stable purchasing power (real value). Therefore, it should possess the following characteristics: 1. Value common assets; 2. Common and accessible; 3. Constant utility; 4. Low cost of preservation; 5. Transportability; 6. Divisibility; 7. High market value in relation to volume and weight; 8. Recognisability; and 9. Resistance to counterfeiting. To serve as a measure of value, a medium of exchange, be it a good or signal, needs to have constant inherent value of its own or it must be firmly linked to a definite basket of goods and services. It should have constant intrinsic value and stable purchasing power. Gold was long popular as a medium of exchange and store of value because it was inert, was convenient to move due to even small amounts of gold having considerable value, and had a constant value due to its special physical and chemical properties. Critics of the prevailing system of fiat money argue that fiat money is the root cause of the continuum of economic crises, since it leads to the dominance of fraud, corruption, and manipulation precisely because it does not satisfy the criteria for a medium of exchange cited above. Specifically, prevailing fiat money is free floating and depending upon its supply market finds or sets a value to it that continues to change as the supply of money is changed with respect to the economy's demand. Increasing free floating money supply with respect to needs of the economy reduces the quantity of the basket of the goods and services to which it is linked by the market and that provides it purchasing power. Thus it is not a unit or standard measure of wealth and its manipulation impedes the market mechanism by that it sets/determine just prices. That leads us to a situation where no value-related economic data is just or reliable. On the other hand, Chartalists claim that the ability to manipulate the value of fiat money is an advantage, in that fiscal stimulus is more easily available in times of economic crisis.
Views: 1406 The Audiopedia
Silver is an Excellent Store of Value
The purchasing power of silver in terms of wheat is amazingly constant over thousands of years.
Views: 481 silverfyi
The Difference Between Money and Currency simply explained part 1
The real difference between money and currency. Simply and easily explained. Most people think they have money in the bank. They have currency. Money is a store of value that also has intrinsic value even if it were not used as money. Silver is ONE such thing. Currency does not have any intrinsic value of its own and is actually debt based which is why it is called fiat money. Fiat means fake. We are in a world where you must currently use fiat currency unless you barter - but MONEY will always grow in relation to fiat currency which will always go down in relation to real money. You can trade real MONEY for any fiat currency anywere in the world - yet you can not trade any fiat currency for real money anywhere in the world. This is why in every city all over the world there are shops that say "buy silver or gold for cash". They have the amount of currency to live in the world but they store their wealth in money such as silver and gold. That's as simple as I can explain it.
Views: 16773 OriginDestiny
V-87  Functions of Money || Definition of Money
This video explains functions of money . It tells Primary Functions of Money(Medium of Exchange & Measure of Value)Store of Value, . It also explains Secondary Functions of Money(Store of Value, Standard of Deferred Payments & transfer of Value). Students can understand Functions of Money in simple language with the help of this video. It covers Definition of Money. It also covers Static Function & Dynamic Function of Money. #DefinitionOfMoney #FunctionsOfMoney #Static&DynamicFunctionsOfMoney V-86 Evolution of Money || Forms of Money https://youtu.be/UbTwN9L-OfE V-85 Barter System || Limitations of Barter System https://youtu.be/gMRoIREZSig V-84 Measures to correct Deficient Demand https://youtu.be/vVrbyfpZ1F4 V-83 Deficient Demand || Impact of Deficient Demand || Causes of Deficient Demand https://youtu.be/oTJbM2Qo-VM V-82 Measures to Correct Excess Demand https://youtu.be/InmaxzyqK44 V-81 Excess Demand || Impact of Excess Demand || Causes of Excess Demand https://youtu.be/nV03pvqmjF0 V-80 Numericals of Investmemt Multiplier https://youtu.be/qDc-IHziccg V-79 Investment Multiplier || Mechanism of Multiplier https://youtu.be/yJk0CDh0gT0 V-78 Full Employment || Frictional Unemployment || Structural Unemployment https://youtu.be/FImHxftaDGI V-77 Solved Numericals of Equilibrium level of Income https://youtu.be/ZFWw2nmkgLE V-76 Saving - Investment Approach https://youtu.be/7321Kv1LXpE V-75 Aggregate Demand - Aggregate Supply Approach https://youtu.be/5_ZOHl6CX9k V-74 Solved Numericals of Consumption Function & Saving Function https://youtu.be/nzo6qC8d8gw V-73 Derivation of Consumption Curve & Saving curve https://youtu.be/eO8YIs2uGEw V-72 Relationship between APC & APS || Relationship between MPC & MPS https://youtu.be/qdExdC8eyqc V-71 Average Propensity to Save || Marginal Propensity to Save https://youtu.be/Br5sp7stuAI V-70 Saving Function https://youtu.be/oC_R0z0ZmQk V-69 Average Propensity to Consume || Marginal Propensity to Consume https://youtu.be/qHXHtQaXi80 V-68 Consumption Function https://youtu.be/7FEfMMSNWvE V-67 Aggregate Supply || Components of Aggregate Supply https://youtu.be/7Wn11AuGmcw V-66 Aggregate Demand || Components of Aggregate Demand https://youtu.be/d6tqzGoT03w V-65 Numericals of Expenditure Method https://youtu.be/Oanxj-zhW8M V-64 Precautions of Expenditure Method https://youtu.be/JaGqFqUJLck V - 63 Expenditure Method https://youtu.be/5tAaqCngZLA V-62 Numericals of Income Method https://youtu.be/isJsJJVlLQk V - 61 Precautions of Income Method https://youtu.be/Sy7NZbZnBec V-60 Income Method https://youtu.be/lMj-U7l94-s V-59 Numericals of Value Added Method https://youtu.be/9cw0JLqcjaw V-58 Problem of Double Counting || Precautions of Value Added Method https://youtu.be/H53GAm7AnIU V-57 Value Added Method of National Income ||Product Method of National Income . https://youtu.be/4PPDOQfcITw V-56 GDP & Welfare || Green GDP https://youtu.be/pjPLPRJT2N0 V- 55 Nominal GDP || Real GDP || GDP Deflator https://youtu.be/_BLlYQJ1QdI V-54 National Disposable Income || Gross National Disposable Income | https://youtu.be/GnHwX3dHcww V- 53 Personal Income || Personal Disposable Income https://youtu.be/ewNv9yiSeOo V- 52 Private Income || Numericals of Private Income https://youtu.be/-4npiqjr76w V-51 Market Price|| Factor Cost|| National Income Aggregates https://youtu.be/cKqrR8TE_AQ V - 50 Domestic Territory || Normal Resident || GDP || GNP https://youtu.be/T41l2plxiIM V-49 Depreciation || Investment || Gross Investment || Net Investment https://youtu.be/giAgmYtnt8g V-48 Stock & Flow https://youtu.be/l2D3zGjlrkE V- 47 Circular flow of income https://youtu.be/XuhoW2eMTyY V-46 Final Goods || Intermediate Goods || Consumer Goods || Capital Goods https://youtu.be/QS-2xTBhj-M
Views: 74 Economics Point
Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney
More: http://HiddenSecretsofMoney.com Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money. Sign up to the http://GoldSilver.com/ email list to be notified about new releases and receive special bonus content: http://goldsilver.com/hidden-secrets-money/currency-money/. To learn about gold and silver, central banking, wealth cycles, deficit spending, monetary history, the financial crisis, the fiscal cliff, the debt ceiling and more, view the Hidden Secrets Of Money playlist (http://goo.gl/GBsdr) and subscribe to this channel: http://goo.gl/emXEB Join GoldSilver.com & Mike Maloney on other social networks: Blog: http://goldsilver.com/ Facebook: https://www.facebook.com/pages/Goldsilvercom/230719865624 Twitter (GoldSilver): https://twitter.com/Gold_Silver Twitter (Mike Maloney): https://twitter.com/mike_maloney LinkedIn: http://www.linkedin.com/company/goldsilver-com
Old paper money appraisal, buyers of old money, selling paper money value sell rare currency
YT9913 Use this code to get a FREE COIN when you visit our Tampa store. Details here https://goo.gl/PYpdy4 We do NO business over the Internet. A video about 'Old Paper Money' from the guys at A Village Stamp & Coin in Tampa. Visit this rare coin store at http://buysellgoldsilvercoins.com You can come to A Village Stamp & Coin to sell your paper money. We buy all kinds of paper money, from the lowest grade to the highest grade stuff. What I'd like to tell you, and show you is what we buy in stuff like this. You see a lot of it. This is in my three-for-a-dollar bucket. Alright? And people love to dig in here and just take little souvenirs home. Now understand, when you come in with this kind of stuff, you're not going to make much money on this. This is really cheap. I mean really cheap. You know it's pennies is what we pay for stuff like this. Let me show you something a little bit better than that. Right here we have, everything in this case is a dollar. These are notes that are a little bit better. Stuff, that you know, here's an old German note from World War One. Here's some old Cuban money. There's all kinds of stuff in here from all kinds of countries. We sell these notes for a dollar apiece. And you can come in and pick through here, pick whatever you like. Now, on to a little better stuff than that. What you've been seeing is all world paper money. In this case over here, I have hundreds of notes that we buy. And these notes I buy anywhere from a quarter to fifty, sixty, eighty, hundreds of dollars. It depends on the note. I also have back here some paper money in books, that you can look through. And this is all our 'world' paper money. As you can see, there is quite a variety and quite a selection of it. Now, if you'll just look right up here, in our terrafold, this is all U.S. Small sized paper money and so on. We buy this. It runs anywhere from a dollar and a quarter a note that I would pay, to five, six, seven, eight dollars a note. Here's a Ten Dollar Silver Certificate, it's probably worth, I'd pay ten or fifteen bucks for that. This is not expensive stuff. You see lots of it, and lots of people have this kind of material. Here's what's called an old Funny Back. So that's some of the U.S. stuff that we have. Now let me show you some of the old United States paper money from here, that we buy. Follow me over here. You'll see in this case here, I have anything from Civil War paper money, money that's what's called 'obsolete currency'. Old Large sized paper money, down in here. Right there. That's U.S. This is all paper money that is worth anywhere from five dollars a note, to hundreds of dollars a note. And I pay accordingly. If you'll notice that right here, this piece of money right here, that is Continental Currency from 1776, used by people like George Washington. So we have quite a selection, and we do buy all of this material. And the prices range all over the map, from rarity, to condition, and so on. Okay, now you've kind of see a smattering of what it is—paper money, there's just all kinds of it. We also deal in things, these are British Pounds that we buy for exchange, and sell for exchange. You're going to take a trip to England, you might want to come and see us. You can get the exchange rate here cheaper than you can in England. There's Euros. Swiss Francs. So, you can see that we do anything from old rare paper money, to exchangeable money. We also have certified paper money. This is world. This is expensive stuff. This note right here, I think this is highlighted in our website, I'm not sure, but this is about a five thousand dollar note. So we'll buy from the bottom, three-for-a-dollar junk for pennies, or we'll pay really, really good money for really really good old paper money. This is just a cool note. And—just because everybody likes to see him—when is the last time you saw a five hundred dollar bill? So come see us at A Village Stamp & Coin. If you have paper money, we'd be glad to help you out with the value of it, or purchase if from you. Thank you for coming by! Visit us at http://buysellgoldsilvercoins.com
Views: 112564 A Village Stamp & Coin
The Central Bank - Money (3/6) | Principles of Macroeconomics
The focus of this video is explaining what the central bank of a country does. Other topics in the series include: - money as a medium of exchange - money as a unit of account - money as a store of value - what depository institutions do - economic benefits provided by depository institutions - how depository institutions are regulated - financial innovation - the central bank as a banker to the government - the central bank as a lender of last resort - the central bank's balance sheet - the central bank's policy tools - how commercial banks create money (the money creation process) - the money multiplier - the money market - demand and supply of money - the quantity theory of money economics documentary | economics lecture | economics major | economics explained | economics for dummies | economics for kids | economics 101
Views: 2724 Inspirare
What is MONETARY ECONOMICS? What does MONETARY ECONOMICS mean? MONETARY ECONOMICS meaning. Monetary economics is a branch of economics that provides a framework for analyzing money in its functions as a medium of exchange, store of value, and unit of account. It considers how money, for example fiat currency, can gain acceptance purely because of its convenience as a public good. It examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects. The discipline has historically prefigured, and remains integrally linked to, macroeconomics. Modern analysis has attempted to provide microfoundations for the demand for money and to distinguish valid nominal and real monetary relationships for micro or macro uses, including their influence on the aggregate demand for output. Its methods include deriving and testing the implications of money as a substitute for other assets and as based on explicit frictions.
Views: 2081 The Audiopedia
Andreas Antonopolous on using Bitcoin as a store of value
This is from the Q&A section of a talk by Andreas Antonopolous at Hubud in Bali put on by "Bitcoins in Bali". http://bitcoinsinbali.org/event/evening-andreas-m-antonopoulos/ Please support Andreas by making a regular donation at https://www.patreon.com/aantonop You can access higher quality recordings of the event there as well.
Views: 218 The Coin Jungle
What is Money? The Case for Bitcoin, Bullion or Bucks as Money
In today's video we discuss the question, what is money? What are the intrinsic characteristics that define its appearance, use and capability, and how do those qualities apply or not apply to Bitcoin, Bullion and Bucks. What is Money? Money is a store of value which can be spent in the future, and it is a medium of exchange, a tool which enables mankind to get around the limitations within barter systems, such as "coincidence of wants". Limitations to Barter and the Need for Money: - Coincidence of wants is a hurdle to trade, wherein you can only trade your objects with those who happen to want them simealtaneously. If you trade fish, and I don't want fish, you are out of luck. Worse still, if you trade fish, and fishing season is over, you have nothing today to trade, and you will starve and die. Enter money, a store of value, a medium of exchange, that you can accept as payment for your fish, during fishing season, and then keep through the rest of the year, dispensing as you need goods and services as you see fit. But now that we know what is money, what is the best form of money: Bitcoin, Bullion or Bucks? Spoiler: one of these things is not like the other, one of these things is not the same. Fiat dollars are not money. "Paper is poverty, it is only the ghost of money, and not money itself." Thomas Jefferson As always thank you very much for your time and attention, I appreciate it. Have an awesome day and God bless. Buy Cryptocurrency: Coinbase: https://www.coinbase.com/join/59bbe24dd0e8a800f12e7b93 Coinsquare: coinsquare.com/register?r=E4EB3832E Buy Bullion: https://silvergoldbull.ca/ Find me on Steemit.com @infidel1258
Views: 25 Dwayne Cunningham
2. Integrity of Money
1. From the morale perspective money should have integrity. 2. Money should have integrity. 3. Our problem today is that those who study economics and study monetary economics, 4. take morality out of the classroom. 5. "there's no relationship between morality and economics." That's nonsense. 6. We insisted "Money should have integrity."What's wrong with that? 7. What is wrong with that? 8. What do we mean by integrity? 9. Meaning, Money has several functions. One of which is 10. to be a medium of exchange for buying and selling, 11. but the other function is to be a store of value 12. That if i worked for the month 13. and I am paid my salary 14. the value of my salary should not be arbitrarily changed and diminished, 15. and I'd be robbed of the fruit of my labor. 16. The money that we're now using in some parts of the world, loses value every year. 17. When the US dollars collapses and the ensuing panic reaction emerges as I expect, 18. the value of money would probably be changing by the hour, runaway inflation it is called. 19. but they only recognize inflation as rising prices. I recognized inflation as 20. the falling or plummeting value of money 21. money which is falling constantly in value is money which has failed to function 22. as a store of value. 23. That paper currency around the world has already failed. 24. If i had US$20, 25. 80 - 90 years ago, 26. with that US$20 i can go to any bank and I can exchange it for 1 ounce of gold. 27. Today that US$20 probably cannot buy even 1 gram of gold. 28. From US$20 it went to US$35, 29. so it lost its value by almost a 100%. 30. In 1944 and then by 1973, it went down to US$160 per 1 ounce of gold. 31. It lost its value by another 400%. 32. This is the US dollar not the Pakistani rupee. 33. Today its trading at about 1700 dollars for 1 ounce of gold 34. clearly this money has failed 35. to store it's value. 36. It has no integrity. NOTICE: The US dollar (USD) has been considered a strong currency for much of its history. Despite the Nixon shock of 1971, and the United States' growing fiscal and trade deficits, most of the world's monetary systems have been tied to the US dollar due to the Bretton Woods System and dollarization. Countries have thus been compelled to purchase dollars for their foreign exchange reserves, denominate their commodities in dollars for foreign trade, or even use dollars domestically, thus buoying the currency's value. However the late-2000s financial crisis saw the institution ofquantitative easing by the Federal Reserve, downgrades of US debt by credit rating agencies (during the debt-ceiling crisis), countries diversifying their foreign exchange reserves away from the dollar, the emergence of commodity markets trading in non-US currency (such as the Iranian oil bourse), resumed appreciation of the yuan by the People's Bank of China, and the IMF proposal of the SDR as an alternative to the dollar in some applications. These events and others have eroded confidence in the US dollar.
Views: 173 Ade Firmansyah
1 Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered money. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It 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". Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it. Money is an essential human creation, and, were all money to disappear, a new form of money would spontaneously arise in its place, such as cows, tobacco, bread, a certain type of nut husk, perhaps, or even nautilus shells. Today there are other forms of money such as airline miles and bitcoins. Each of which are ways for people to accumulate, store and then spend other intangible things that behave exactly the same as paper Dollars, or Euros, Yen, or Rubles, or Yuan. Without money, the complex job specializations that we have today would not exist, because barter is so cumbersome and constraining. More importantly, though, is the concept that each type of money system has its pros and cons – each will enforce its own peculiar outcomes by promoting some behaviors while punishing others. Now, if we crack open a textbook, we’ll find that money should possess three characteristics. The first is that it should be a store of value. Gold and silver filled this role perfectly, because they were rare, took a lot of human energy to mine, and did not corrode or rust. By contrast, the US dollar pretty much constantly loses value over time – a feature which punishes savers and enforces the need to speculate and/or invest. A second feature is that money needs to be accepted as a medium of exchange, meaning that it is widely accepted within a population as an intermediary, within and across all economic transactions. And the third feature is that money needs to be a unit of account, meaning that the money must be divisible and each unit must be equivalent. The US “unit of account” is the dollar. And each is identical to any other. Diamonds have much value, but are not good at being ‘money,’ because they are not perfectly equivalent to each other and dividing them causes them to lose value. That is, they fail at being a unit of account. So what is money, really? I believe in a very simple definition. Money is a claim on human labor. With a very few minor exceptions, pretty much anything you can think of that you might spend your money on will involve human labor to bring it there. I say it’s a claim rather than a store, because the human labor in question might have happened in the past, or it might not have happened yet. As implied in the picture series earlier, literally anything can be considered money – cows, bread, shells, tobacco. A US dollar, like all modern currencies, however, is an example of a type of money called fiat money. “Fiat” is a Latin word meaning “let it be done,” and fiat money has value because a government decrees that it does. And this brings us to the key question: What exactly is a US dollar? Once, a dollar was backed by a known weight of silver or gold of intrinsic value. In this example, we can see that the dollar came from the US Treasury directly and was backed by a given amount of silver that was payable to the bearer on demand. You’ll note that modern dollars have no language entitling the bearer to anything, and that’s because they are no longer backed by anything tangible. Rather, the ‘value’ of the dollar comes from this language right here: The fact that it is illegal to refuse to accept dollars for payment and that they are the only acceptable form of payment for taxes. It is crucially important that a nation’s money supply is carefully managed, for if it is not, the monetary unit can be destroyed by inflation. In fact, there are over 3,800 past examples of paper currencies that no longer exist. There are numerous examples from the United States, which may have some collector value, such as the Greenback, but no longer possess any monetary value. Of course, I could just as easily display beautiful but no longer functional examples from Argentina, Bolivia, and Columbia, and a hundred other places
What is DEMAND FOR MONEY? What does DEMAND FOR MONEY mean? DEMAND FOR MONEY meaning - DEMAND FOR MONEY definition - DEMAND FOR MONEY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits. It can refer to the demand for money narrowly defined as M1 (non-interest-bearing holdings), or for money in the broader sense of M2 or M3. Money in the sense of M1 is dominated as a store of value by interest-bearing assets. However, money is necessary to carry out transactions; in other words, it provides liquidity. This creates a trade-off between the liquidity advantage of holding money and the interest advantage of holding other assets. The demand for money is a result of this trade-off regarding the form in which a person's wealth should be held. In macroeconomics motivations for holding one's wealth in the form of money can roughly be divided into the transaction motive and the asset motive. These can be further subdivided into more microeconomically founded motivations for holding money. Generally, the nominal demand for money increases with the level of nominal output (price level times real output) and decreases with the nominal interest rate. The real demand for money is defined as the nominal amount of money demanded divided by the price level. For a given money supply the locus of income-interest rate pairs at which money demand equals money supply is known as the LM curve. The magnitude of the volatility of money demand has crucial implications for the optimal way in which a central bank should carry out monetary policy and its choice of a nominal anchor. Conditions under which the LM curve is flat, so that increases in the money supply have no stimulatory effect (a liquidity trap), play an important role in Keynesian theory. This situation occurs when the demand for money is infinitely elastic with respect to the interest rate.
Views: 3422 The Audiopedia
Measuring Value With REAL Money
It's time to start thinking about measuring costs of (big ticket) goods and services in precious metals. The days of debt based fiat currency, at least in the current forms, are waning. Some say gold and silver are economic relics and are no longer viable stores of wealth. I say that gold and silver are real money. The shiny stuff has been a measure of wealth for thousands of years. I see our future, at least the money part, planted firmly in the past.
Views: 175 suburban sentinel
Start2Bitcoin: What is Money
Definitely visit Start2Bitcoin.org for more content and information. ------------------------------------------------------------------- Hi everyone, and welcome to our first video of the Start2Bitcoin program. Today we’re gonna ask ourselves a very simple question: What is money? You’ll probably think: “I know what’s money, I use it everyday”. Because it so straight forward, it is sometimes hard to answer. For example: - Where does money come from? - Does it hold or loses it value over time? - Can you think of a definition of money? You could say it’s a medium for buying goods and services. Could be, but does this mean, money is only cash or the entries in your bank account? You could say so. Another definition would be that it stores your economic energy till you have the time to employ it in the economy. This means it has to hold value over time and has to be commonly accepted in exchange for goods and services. In order to do so, it is important to make a distinction between currency and money as they are two different units. Let’s look at this in more detail. A currency has to have two very important characteristics: a medium of exchange (something that people can use for buying and selling their goods and services), a unit of account (which provides a common base for prices), but in order to function as a currency it also has to be divisible, durable, transportable, recognizable and fungible (meaning that one dollar in my pocket will have the same purchasing power as one dollar in your pocket, independent of the history of that particular dollar bill). Examples of currencies are the dollars, euros and yen. In other words, currencies are created by the government, or in fact by the banks who do the actual work of printing it. Money on the other hand has all of these characteristics, but it has to be a store of value over a long period of time. Meaning that it holds it’s purchasing power. This is the most important aspect of money. If you want to be rich, but really rich with massive pile of cash. You really don’t want the piles of cash, you want to have the purchasing power that these piles of cash provide. Gold is the best example of money that holds it purchasing power and thus it meets the criteria of storing its value. Because governments can dilute the currency supply by printing extra dollars for example. The more dollars there are in circulation, the less value one dollar has. This means currencies has a hard time storing it’s value over a long period of time. If we compare a dollar bill since 1900 till today it lost over 97% of its value. Let’s do a simple quiz: Let’s assume you lived in the 1900’s and had the choice of having a 500 dollar bill in your pocket or the equivalent of Gold back then. With a stable price of 20 dollars per ounce of gold you could buy 24 ounces of Gold. Which choice would you make? Flashforward 2018, you would still have a $ 500 bill. But if you made the choice for gold, those 24 ounces of gold would now be the equivalent of $ 30.000. That is the difference between money and a currency. Because of dilution which results in inflation, the purchasing power of our currency has decreased dramatically over the years. There is an interesting website called visualcapatalist.com where they made a visualization through an infographic of the purchasing power of the US Dollar over the last century. You’ll be stunned. Definitely have a look over there. You can find the link below the video. Thanks for watching. I hope you enjoyed my video. In the next video we will talk about the evolution of money and why Bitcoin is the next logical step. Should you have any questions, please feel free to reach out.
Views: 26 Start2Bitcoin
Is Bitcoin A Better Store of Value Than Gold?
Bitcoin vs Gold: Which is a better store of value?
Views: 13 Luke FAQ
Here's Why A Refurbished Gamestop PS3 Is A Waste Of Money
Gamestop sells all kinds of refurbished game consoles that are sent out for repair because of some issue making it defective. After it being a certified repair these consoles are sold in store. Today we are taking a look at a refurbished PlayStation 3 to see how well it was refurbished. Smash Bros Ultimate Giveaway: https://gleam.io/nUzQt/super-smash-bros-ultimate Twitter: @SpawnWaveMedia Spawn Wave Merch: https://www.designbyhumans.com/shop/SpawnWaveMedia Consider Supporting Us On Patreon: https://www.patreon.com/SpawnWave Reddit: https://www.reddit.com/r/SpawnWave Follow Us On Twitch: https://www.twitch.tv/spawnwavemedia Listen To Our Weekly Podcast: https://soundcloud.com/spawn-wave Music: www.bensound.com Like Comment and Subscribe! Thanks for watching! #Gamestop #PS3 #TechWave
Views: 683245 Spawn Wave
Bitcoin Tutorial Episode 3: Functions of Currency
In this video I will distinguish between functions of currencies such as unit of account, store of Value, and medium of exchange. GET STARTED WITH CRYPTOCURRENCIES TODAY Sign up for a Coinbase account to buy your first Bitcoin: https://www.coinbase.com/join/5952ad71825c8204b8e9dc24 ++++++++++++++++++++++++++++++++++++++++++++++++++++++ Download my Step by Step guide to cryptocurrency Trading http://www.blockoffame.com/a-beginners-step-by-step-guide ++++++++++++++++++++++++++++++++++++++++++++++++++++++ SIGN UP to the Binance cryptocurrency exchange for trading altcoins (xrp, xlm, ada, omg etc) http://www.binance.com/?ref=11366788 ++++++++++++++++++++++++++++++++++++++++++++++++++++++
Views: 365 On1 Productions
Was ist das Geld What money in fact  Money is Material
Money is a good that acts as a medium of exchange in transactions. Classically it is said that money acts as a unit of account, a store of value, and a medium of exchange. Most authors find that the first two are nonessential properties that follow from the third. In fact, other goods are often better than money at being intertemporal stores of value, since most monies degrade in value over time through inflation or the overthrow of governments. What Is Money? It Is More Than Pieces of Paper. So money isn't just pieces of paper. It's a medium of exchange that facilitates trade. Suppose I have a Wayne Gretzky hockey card that I'd like to exchange for a new pair of shoes. Without the use of money, I have to find a person, or combination of people who have an extra pair of shoes to give up, and just happen to be looking for a Wayne Gretzky hockey card. Quite obviously, this would be quite difficult. This is known as the double coincidence of wants problem: [T]he double coincidence is the situation where the supplier of good A wants good B and the supplier of good B wants good A. The point is that the institution of money gives us a more flexible approach to trade than barter, which has the double coincidence of wants problem. Also known as dual coincidence of wants. Since money is a recognized medium of exchange, I do not have to find someone who has a pair of new shoes and is looking for a Wayne Gretzky hockey card. I just need to find someone who is looking for a Gretzky card who is willing to pay enough money so I can get a new pair at Footlocker. This is a far easier problem, and thus our lives are a lot easier, and our economy more efficient, with the existance of money. What Is Money And How Is It Measured? As for what constitutes money and what does not, the article How much is the per capita money supply in the U.S.? gives the following definition, provided by The Federal Reserve Bank of New York: "The Federal Reserve publishes weekly and monthly data on three money supply measures -- M1, M2, and M3 -- as well as data on the total amount of debt of the nonfinancial sectors of the U.S. economy... The money supply measures reflect the different degrees of liquidity -- or spendability - that different types of money have. The narrowest measure, M1, is restricted to the most liquid forms of money; it consists of currency in the hands of the public; travelers checks; demand deposits, and other deposits against which checks can be written. M2 includes M1, plus savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds. M3 includes M2 plus large-denomination ($100,000 or more) time deposits, balances in institutional money funds, repurchase liabilities issued by depository institutions, and Eurodollars held by U.S. residents at foreign branches of U.S. banks and at all banks in the United Kingdom and Canada." Was ist das Geld What money in fact Money is Material ,for more information about video film files browse and subscribe channal at http://youtube.com/user/videofilmfiles
What is: Money?
In this video we define money. We get to the root of what money is and break down the three main purposes of money: -Medium of Exchange -Unit of Account -Store of Value Website: http://www.viducate.com FB: http://www.facebook.com/viducateinc
Views: 121 Viducate.com
What is UNIT OF ACCOUNT? What does UNIT OF ACCOUNT mean? UNIT OF ACCOUNT meaning & explanation
What is UNIT OF ACCOUNT? What does UNIT OF ACCOUNT mean? UNIT OF ACCOUNT meaning - UNIT OF ACCOUNT definition - UNIT OF ACCOUNT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A unit of account in economics is a nominal monetary unit of measure or currency used to value/cost goods, services, assets, liabilities, income, expenses; i.e., any economic item. It is one of three well-known functions of money. It lends meaning to profits, losses, liability, or assets. A unit of account in financial accounting refers to the words that are used to describe the specific assets and liabilities that are reported in financial statements rather than the units used to measure them. Unit of account and unit of measure are sometimes treated as synonyms in financial accounting and economics. The unit of account in economics (unit of measure in accounting) suffers from the pitfall of not being stable in real value over time because money is generally not perfectly stable in real value during inflation and deflation. Inflation destroys the assumption that the real value of the unit of account is stable which is the basis of classic accountancy. In such circumstances, historical values registered in accountancy books become heterogeneous amounts measured in different units. The use of such data under traditional accounting methods without previous correction often leads to invalid results. All monetary units of measure, e.g., US Dollar, Euro, Yen, Yuan, Ruble, Peso, etc., - all fiat currency units - are assumed to be perfectly stable in real value during non-hyperinflationary conditions under traditional Historical Cost Accounting in terms of which the stable measuring unit assumption is applied. The Daily Consumer Price Index (Daily CPI) - or a monetized daily indexed unit of account - is generally used to index monetary values on a daily basis when it is required to maintain the purchasing power or real value of monetary values constant during inflation and deflation.
Views: 5045 The Audiopedia
How to Invest in Gold
When people talk about investing in precious metals, the first one that springs to mind is Gold. Gold’s qualities make it one of the most coveted metals in the world. Not only it is nice to look at, but it can be shaped and sculpted into pretty much anything you can think of, hence its extensive use in jewellery. It’s also a highly effective conductor of both heat and electricity and these characteristics have made it the metal of choice for the tiny relay contacts and connectors in mobile phones and computer circuit boards. Yes that’s right, you probably own a tiny amount of gold already but before you get too excited, each mobile phone contains just fifty milligrams of the precious metal. That’s one five hundredth of a gram of gold so don’t go handing in your notice and reaching for the sombrero just yet. But it’s not just it’s characteristics that make gold a highly prized commodity. Its rarity is the real key to its value. Even with today’s modern technology, gold is incredibly difficult to find. In total just one hundred and sixty thousand tonnes of gold are in circulation across the world right now. That might sound a lot, but compare that figure to the coal reserves in the US alone, which stand at two hundred and fifty-five BILLION tonnes and you start to get an understanding of just how rare gold is. Don’t forget as well, gold is much denser than most other materials and that means it’s very heavy. Formed into a single cube, the total amount of gold in the world wouldn’t even cover a tennis court and new gold is only being mined at a rate of two thousand six hundred tonnes a year. That’s about enough to fill a pokey one bedroomed apartment here in London. These facts mean that gold is a popular commodity to hold and for many savvy investors, it will make up between ten and fifteen percent of their investment portfolio. When outside pressures such as political instability, war, or high inflation affect the stock markets, it’s gold that investors turn to as a safe haven. That means, when many stocks are on the downward slide, gold will come rising to the top. Gold acts as a kind of an insurance in your investment portfolio. So ‘what’s the best way to invest in gold’ you’re probably asking? Well, there are three distinct methods. The first is to buy physical gold. Websites like bullionvault.com offer easy access to the markets. The gold will be registered in your name and they offer low cost, secure storage outside of the UK in places like Singapore and Zurich. Gold bullion can be purchased in coins or bars or ingots and is typically ninety nine point nine percent proof. The advantage of gold coins over gold bars is that they allow you to be more flexible. After all, it’s easier to sell twenty per cent of your gold if you own ten gold coins rather than if your whole investment is in one gold bar. For the same reason, you’ll probably find that coins are that bit more easy to sell. The second way to invest in gold is through Exchange Traded Funds or ETFs. With ETFs you never actually own the gold yourself. It’s owned by the provider of the ETF. Instead you become a beneficiary of the debt owed by the ETF and that debt is backed by gold. In short, it’s a gold plated I.O.U. Your investment allows the fund to buy more gold and when you want your money back in the future, the amount you get back will depend on the value of the gold at the time of your request. ETFs provide a cheap and convenient way to invest in gold. There’s a lower entry point and you don’t have to worry about where you’re going to store your gold or how much that’s going to cost. The downside for me in this scenario, is you can never really be sure that the ETF in question has actually bought the physical gold to back up its debt and that invites an extra level of risk into the equation. If there’s a sudden panic in the market, will they have enough gold to cover their commitments? If you don’t want the hassles of owning physical gold and you’re not keen on gold plated I.O.U notes, another way to invest in gold is through the mining companies themselves. Barrick Gold, Newmont Mining and Goldcorp are some of the many Gold Miners that are available to invest in through the stock markets. Shares of precious metal miners are typically leveraged to price movements in the precious metal they mine and they’re a good way of getting many times the increase in the spot price of gold. But shares in gold miners have been highly volatile recently and their price has been hammered in recent years. The upside of that though, is with mining stocks now sitting at long-term lows, as Yazz and her plastic population once said, the only way is up. Like all investments the price of gold can and does go down as well as up so it’s hugely important that any investment is part of a well diversified portfolio. But if you’re relying on paper money issued by bankrupt government as a store of value for your wealth, be very careful out there.
Views: 8817 Elite Investor TV
What Are The Three Functions Of Money
Functions of money cliffs notesfunctions noteslist the three functions. Money has three functions in the economy medium of exchangestore value. Education what are the functions of money, and why they important? Debunking three money alex kampa mediumwhat money? 1. Solved what are the three basic functions of money? Describe h money in modern economic system properties and thoughtcofunctions money, lowdown podcasts. Money is a medium of exchange, measure value, store and standard 31 mar 2017 learn about the characteristics, properties, functions money serve as long it possesses three important properties in mechanism exchange (1875), william stanley most modern textbooks now list only functions, that main money, how commodity differs from representative both differ today's fiat 25 jul 2013 there are generally said to be. However, as a system of characteristics and functions money. All of them are importantmoney serves as a medium 13 apr 2017 in discussions about money, its three functions often mentioned store value, exchange, and unit account the order 20 jun 2016. Previous slide next back to the following points highlight top six functions of money. Money is demanded for three motives functions of money. Googleusercontent search. Medium of exchange, store 3 functions money flashcards primary and secondary moneytop 6 discussed economics discussion. Medium of exchange, store value, unit accountease with which someone can convert assets for start studying 3 functions money. Medium of exchange, measure value, and store proprofs. The main functions of money are as a medium exchange, unit account, and store the three basic function first second inflation affects these because prices increase buying 1. Htm url? Q webcache. Measure of value, store. Functions of money cliffs notes. Three functions of money are medium exchange can be used for buying and selling goods services. What are the three basic functions of money? Vuzs. Measure of value, store and direction value 2. Money commands general 17 oct 2016 the modern economy cannot work without money. Money serves as a medium of exchange, store value, and unit accountmoney's most important function is exchange to facilitate transactions list the three functions money. Unit of account money is the common standard for measuring relative worth goods and service often defined in terms three functions or services that it provides. What are the three functions of money? 1. Functions of money staff fullcoll. Medium of exchange the most important function is that it serves as a medium. The only alternative to using money is go back the barter system. Edu fchan macro 4functions_of_money. Characteristics and functions of money boundless. Levels gcse, as, a level, there are three main types of money currency, bank deposits and central reserves learn more about functions in the boundless open textbook. Learn vocabulary, terms, and more with flashcards, games, other study tools primary functions include the most important of money, which it is essential function money.
Views: 214 new sparky
Can Bitcoin Be World Reserve Currency,Becoming Money,Investment,Commodity,Digital Gold,Store Value,
In Hindi. Hi Friends. What Will be Future of Bitcoin and Other Cryptocurrencies ? Is it Digital Gold Or Store of Value ? Mistakes made By Us ? Against and In Favour Of Articles !!! Chances and Risks ? Well, If You Are REAL Crypto Enthusiast, Stay With Me !!! I Will guide You. All This and Much More !!! Our Channel is Growing Fast !! Keep Me Motivated !! Crypto Regulation is Hot In India !! Should Goverments Enforce Law and Regulation On All Crypto Traders ? OR Should Crypto Community Come Up with Suggestion ? Watch These Two Highly Contrasting Articles !!! Likes appreciated !!! Keep me motivated by subscribing, like,share and comments. Thank you. Disclaimer-The views expressed herein are solely mine. Any resemblance to thing or person is purely coincidental. This video Does not mean to hurt feelings of anyone. Some videos may hold other content only for the purpose of criticism and comparison. No copyright violation has been tried or permitted in any of the videos. If Any have any complaint or Problems regarding my Videos. Please mail me on my business email,and we will try to solve Your Problem. Thank you. This is Litecoin Click Bot Referral Link : https://t.me/LTCClickBot?start=gbG4 Register PIVOT to get BTC Bonus:PIVOT is a community for cryptocurrency investors. https://www.pivot.one/app/invite_login?inviteCode=cgkmju D.Tube - https://d.tube/#!/c/tektonic Youtube - https://www.youtube.com/c/TekTonic Website - http://applot.16mb.com, Twitter - applot.16mb.com @Applotc, Facebook - https://www.facebook.com/applot.postall Telegram group - https://t.me/joinchat/I009FQ_DWDsfyrkvWp7WWQ This channel is dedicated to all of YOU. So like comment share subscribe and press Bell icon. Technology technique news information apps knowledge experience Tips movies reviews ideas and much more. DISCLAIMER: This Channel DOES NOT Promote or encourage Any illegal activities , all contents provided by This Channel is meant for EDUCATIONAL PURPOSE only . Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. #WorldReserveCurrency #Money #Currency #Investment #Trading #Commodity #DigitalGold #StoreValue #IndianGovernment #RBI #SupremeCourt #CryptoNews #Schearing #RBIBan #schearing
Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9)
Episode 10 Here: https://www.youtube.com/watch?v=fiCKf7hfagk 45 mins of Bonus Features Right Here: https://goldsilver.com/blog/hsom-episodes-910-bonus-features/ Translate this video and submit your captions here: http://www.youtube.com/timedtext_video?ref=share&v=OuOcnGAv4oo In episode 9 of Hidden Secrets of Money, Mike Maloney draws eerie parallels to the misguided leaders and monetary policies that doomed civilizations from Ancient Rome to modern-day America. Can President Trump save America? Will the Federal Reserve Board be able to pull off yet another round of extremist interference and postpone a crisis? Find out how Mike he believes it will play out. Want more? Don't miss episode 9 & 10 exclusive bonus features Click here to watch eight bonus feature videos, kicking off with a 39-minute Director's Cut feature from Mike himself! If you enjoyed watching this video, be sure to pick up a free copy of Mike's bestselling book, Guide to Investing in Gold & Silver: https://goldsilver.com/buy-online/investing-in-gold-and-silver/ (Want to contribute closed captions in your language for our videos? Visit this link: http://www.youtube.com/timedtext_cs_panel?tab=2&c=UCThv5tYUVaG4ZPA3p6EXZbQ)

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