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Questions tagged [money]

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.

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53 views

Isn't money moving towards central bank in the long run?

Central banks typically pumps money into the system by : lending out to private banks buying govt bonds But in both these cases won't the central bank get back more money when it ends it's position (...
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The Printing of Money for Paying Debt

I know that printing money causes inflation, but what if we print it to pay back our debts? For example, we have N dollars of debt to China. We can just print the N dollars and give it to China. ...
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How much money was distributed during quantative easing?

I am trying to discover how much money was created as a result of quantative easing. I do not want to start a political debate. But, I am genuinely interested in learning how much money was signed ...
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Is there a standard for job sectors?

Is there any sort of recognised standard (e.g. ISO) for grouping jobs into job sectors e.g. 'technology', 'emergency services'? I asked this on StackOverflow here and they suggested this SE. Would ...
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“Demand for money” - definition

What is the definition of "demand for money". The definition given by Wikipedia appears gibberish to me. And just to double check - what are the units of demand for money? Is it measured in "dollars"? ...
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What is the “natural rate of interest” vs. “money interest rate”?

What exactly is the distinction that Knut Wicksell made in his Interest & Prices between "natural rate of interest" or "natural interest" ("der natürliche Kapital zins") and the "money rate of ...
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Sources of the endogeneity of money in New Keynesian economics (Woodford)

I am trying to wrap my head around Woodford's "Interest and Prices" so I have a question regarding the source of the endogeneity of the money supply in his models. The Post Keynesian view is that ...
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Is Iranian rial going to get boosted?

I was reading about the Iran's economy and Iranian rial. I have read the news regarding the lift of sanctions from Ira, which had allowed the purchase of Iranian rial in America. I was having query ...
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What is preventing the United States from printing USD to buy up prized assets from foreign countries given that USD is the world's reserve currency?

USD is accepted all over the world. U.S can easily print USD to buy up the most valuable assets from all over the world. Ethics aside. What is preventing the U.S from doing so? What did I miss out?
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A country with dual payment system

Is there any country with dual domestic payment system? For instance, in the USA there are CHIPS or Fedwire both help wire transfer of USD within the USA. They give services to international ...
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How does burning a huge amount of cash money affect the monetary supply? [duplicate]

I am not an economist by default. In other words, I am a newbie here. Assume there is an extremely rich man who withdraws an extremely huge amount of cash money. He then burns all of it. How does ...
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Are things any better in what society considers “third world countries” as they were years ago? If things are better, how did they improve and why?

For years I've seen non-stop commercials of countries in the continent of Africa showing kids who live in sewage huts, parents are dead, war gangs and criminals rule their lives. Like in Captain ...
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How much money is wire transferred every year worldwide?

How much money is wire transferred every year worldwide? Estimates are fine.
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The reasons I believe the bimetallic dilemma was never possible

During the bimetallic era, there was always a dilemma where the mint ratio differs from the market ratio of their metallic value. I state this is impossible. Suppose the mint&market ratio of ...
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834 views

Series 2013 US dollar bills [closed]

it's 2015 now but still, I can't find any USD bills of 2013 series. All my bills are 2009 series (not even 2009A series). I'm looking for 100 dollar denomination. what's the latest series for USD ...
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Do general equilibrium models include money?

An economics professor told me that General Equilibrium models are a sophistication of barter. Does that imply that they don't include money? And if that is the case, are there any attempts to include ...
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If a business charges more for a product than the cost to make it, how is our economy not inevitably doomed for debt?

The analogy would be stirring water in a bucket; without adding more water to the bucket, there is no gain... Obviously the various resources to create say an iPod came from different countries... ...
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What would happen if central banks were no longer able to provide loans [closed]

Actually I'm asking because of two reasons. I'm still not clear how everything works. First money is supposedly a debt, and it is created by creating loans? Second central banks seem to want ...
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What prevents a bank from simply going into their computer system and adding some zeros to their bank account? [duplicate]

This question has been bothering me for a long time and I’m hoping that someone here can help to answer it. I will use Greece as an example, but my question could really be applied to any country or ...
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Best resources to self-educate myself in economics

I want to learn Economics by myself and I'm looking to build a path with people who're in this field to how and in what order should I learn Economics, I did some research and I've found many ...
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How is money created on net?

I have the impression that everyone has more net money than in the past. By net money I means cash + money lent to others - money borrowed from others. If this is true, where does the extra net money ...
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1answer
124 views

Could money be tied to a basic good like the gold standard?

I don't have a formal education in economics but I had an idea for creating a better and fairer currency. So the gold standard ties gold to the dollar. Gold is usually used in luxury items like ...
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2answers
457 views

Is money supply affected by the stock market?

Do stock prices have any effect on the money supply of an economy? Please provide a simple example if possible. Intuition suggests there is more money around when prices are high (consider for ...
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1answer
197 views

Real vs Nominal Value Concept

I am having trouble understanding the meaning of the real value of an economic quantity. The concept is easy to grasp: take a year as a base and adjust for inflation by pricing a commodity with the ...
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1answer
458 views

Would a world-wide currency be a good idea? [duplicate]

While every country has it's own political ideals, enforcing laws and rules, in an ever more globalized world, I believe the idea of fragmented economy is limiting big growth opportunities while ...
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Money in the animal kingdom

Animals living in packs must have ways to decide how to distribute their goods among the pack members. Just like prices can appear in an exchange economy, prices could appear in pack economy. Though ...
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1answer
114 views

What are the widescale economic ramifications of people holding onto their money instead of spending it?

Pretty simple question: people get rich by saving more money than they spend. What are the implications of people holding onto their money instead of spending it? Do rich people save more money (...
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328 views

What is an IOU?

I'm reading a paper right now that refers to divisible and one-period IOUs, but doesn't explain what the shorthand stands for. I understand it's a unit of payment, and guess that is the same "thing" ...