Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

FINANCE 101: "MONEY"

No description
by

Gabriel Bachini

on 22 June 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of FINANCE 101: "MONEY"

What is Money???
Money is any object 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.
HISTORY
SHEKEL: The first usage is from Mesopotamia around 3000 BC. Initially, it may have referred to a weight of barley. This shekel was about 180 grains (11 grams or .35 troy ounces).
NON-MONETARY EXCHANGE
system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.
Diffuculties in Barter
Slow down trade
Functions of Money
As a medium of exchange
ETYMOLOGY
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. 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. 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).
FINANCE 101: "MONEY"
COWRY: is the common name for a group of small to large sea snails, marine gastropod molluscs in the family Cypraeidae, the cowries. The word cowry is also often used to refer only to the shells of these snails, which overall are often shaped more or less like an egg, except that they are rather flat on the underside.
rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals tend to be less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
Lack of double coincidence of wants
Lack of proper ways to equate values
Indivisibility of goods
As a standard of value
As a store of value
As a standard of deferred payment
As a reserve or guaranty for solvency
CHARACTERISTICS OF A GOOD MONEY
UTILITY
GENERAL ACCEPTABLITY
PORTABILITY
UNIFORMITY
MALLEABILITY
DURABILITY
CLASSIFICATIONS OF MONEY
Commodity Money
Representative Money
FIAT MONEY
Coinage Money
Paper Money
Commercial Bank Money
Full transcript