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Results tagged with money
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user 12304
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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Is money received from my mother every month an income?
What your mother gives you can be called a scholarship - similar to what some governments and organizations provide to students who need financial support. In this case, she is your sponsor. Scholarsh …
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Accepted
Do conceptual ideas that become standardised ever make money?
The history of Thunderbolt demonstrates how trying to make money of a standard (through royalties) can sometimes drive consumers to use another standard which is free, even if inferior. …
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How much physical currency does the Fed transfer to banks per year?
In the US and in the Eurozone, a lot of the money doesn't physically exist - this graph illustrates it quite nicely. … When banks need money from the Fed, there is an electronic transaction from the Fed to the bank. …
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Can everyone in an economy profit?
Since you connected the question with money theory and inflation, your ability to profit will be balanced with growth and inflation rates, to make sure that the money reflects the real economy capacity … Which leads us to the conclusion that more money for everyone would not solve inequality, would just create inflation. …
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Why do different countries have different currency?
Two reasons: history and ability to control the money supply. … Money supply control: having your own currency allows governments to fund themselves by producing more money, or stimulate exports by devaluing their currency. …
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