Home
Search results “What is the medium of exchange”
What is MEDIUM OF EXCHANGE? What does MEDIUM EXCHANGE mean? MEDIUM OF EXCHANGE meaning
 
09:10
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: 2198 The Audiopedia
Functions of money | Financial sector | AP Macroeconomics | Khan Academy
 
06:10
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: 49868 Khan Academy
Medium of exchange
 
02:23
4 way to obtain goods and services-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 702 Xenopeltis
Money #1 - Medium of Exchange
 
01:10
VOICE NARRATOR: Let us reintroduce money. We can show it as a flow. It is not matter or energy such as goods and services -- it flows in the opposite direction. When we exchange goods for goods without money, it is called barter. As we saw, some basic principles of economics occur under barter: Specialization and the gains from trade. Trading costs reduced by the context of rules, such as an institution. -- These things started before the use of money. But: if you have caught fish and I have gathered coconuts, we can trade only if you want coconuts and I want fish. Otherwise, no deal. Barter requires the coincidence of wants. And since there are many people and many different goods, these coincidences are mostly impossible. Money solves the problem as the medium of exchange -- the first of the three main functions of money. Everyone accepts it, for any kind of good or service, including labor.
Views: 5058 Ecolanguage
Class10 | CBSE | Money as a Medium of Exchange | Economics | CBSE | Home Revise
 
02:30
Our content consists of the entire 10th standard syllabus in a fun learning method with various sounds and animations. It is as per the current syllabus and helps explain each chapter in detail. This makes the learning very easy and entertaining. Visit us: https://goo.gl/HtmKZt About Home Revise: Home Revise provides the content of CBSE / State Board syllabus in a digital, multimedia form which makes study easy, interesting, enjoyable & memorable. #CBSE #HomeRevise #Economics Subscribe to Home Revise: https://www.youtube.com/user/homerevise1 Follow us on Twitter: https://twitter.com/homerevise21 Follow us on Linked in: https://www.linkedin.com/company/home-revise-education-pvt.ltd
Views: 1076 Home Revise
Money as a medium of exchange| Money and Credit| Economics |CBSE Class 10 Social Sciences
 
06:59
Please watch: "How to Set Time Table | Live Videos | NCERT | CBSE | Class 5 to 10 | For All Students" https://www.youtube.com/watch?v=VmkyxoQAKU0 -~-~~-~~~-~~-~- This video is a part of Pebbles CBSE Syllabus Live Teaching Videos Pack. Class 6 to 10th Subject Packs are available in all leading Book Stores in all over India. For online purchase of our products. visit www.pebbles.in To watch the rest of the videos buy this DVD at http://www.pebbles.in Engage with us on Facebook : https://www.facebook.com/PebblesChennai Twitter: https://twitter.com/PebblesChennai Google+: https://plus.google.com/b/116349844333442514419/116349844333442514419/posts?pageId=116349844333442514419 Playlist: https://www.youtube.com/playlist?list=PLiPy3hM238v4v_7uti7pYwFdYCNMr4j4N Share & Comment If you like
Medium of exchange
 
08:30
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. By contrast, as William Stanley 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. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 387 Audiopedia
Four functions of money
 
02:53
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: 5054 EnhanceTuition
Economics : Money : Medium of Exchange : Class 12
 
12:13
To Buy DVDs / Pen Drive Contact @ 7052208065 @ 7052755551
Views: 177 V3 Classes
Medium of exchange Meaning
 
00:06
Video shows what medium of exchange means. An intermediary used in trade to avoid the inconveniences of a pure barter system, such as money.. Medium of exchange Meaning. How to pronounce, definition audio dictionary. How to say medium of exchange. Powered by MaryTTS, Wiktionary
Views: 643 ADictionary
Money As A Medium Of Exchange   The Indian Economist
 
04:48
In this video you will get to know about Money as a Medium Of Exchange. So watch this video till the end and share. SUBSCRIBE THIS CHANNEL TO GET UPDATED WITH NEW VIDEOS
medium of exchange
 
01:22
Views: 27 Maria Martinez
PRIMARY FUNCTIONS OF MONEY
 
07:33
PRIMARY FUNCTIONS/MAIN FUNCTIONS/BASIC FUNCTIONS/FUNDAMENTAL FUNCTIONS MEDIUM OF EXCHANGE The difficulty with a barter system is that in order to obtain a particular good or service from a supplier, one has to possess a good or service of equal value, which the supplier also desires. In other words, in a barter system, exchange can take place only if there is a double coincidence of wants between two transacting parties. The likelihood of a double coincidence of wants, however, is small and makes the exchange of goods and services rather difficult. Money effectively eliminates the double coincidence of wants problem by serving as a medium of exchange that is accepted in all transactions, by all parties, regardless of whether they desire each others' goods and services. STANDARD OF VALUE Standard of value is an agreed-upon worth for a transaction in a country's medium of exchange such as the dollar or peso. A standard of value allows all merchants and economic entities to set uniform prices for goods and services. This standard is necessary in order to maintain a stable economy. A standard of value is based on a commodity that is widely known and used, allowing it to serve as a measure for other commodities. For instance, metals such as gold, silver, copper, and bronze have been used across history as forms of currency and standards of value.
Views: 761 aucommerce Scholar
What is money? A Medium of Exchange? A Social   Institution? A Language? Belief? Faith? Trust?
 
04:33
Chris Lindstrom of the Berkshares local currency responds to the question "What is money?" asked by Aaron Wissner of Local Future during the 2009 American Monetary Institute's Monetary Reform Conference. Chris Lindstrom: Well, thats a very big philosophical debate. My personal belief is that, if you were to see money as an onion, containing, sort of, different levels or layers of its existence, you start taking away, kind of, the outer layer, which might be, you know, seeing it as kind of a medium of exchange, or like in all these scientific definitions, and then you kind of, you go inside, and you say, oh, its more of an agreement, its more of a social contract, and you might dig in a little deeper What I would my personal belief is, really, when you go to the core of what money is, its just trust. Its belief. To give it a more abstract definition, I would say that its, you could almost say that its unitized trust, or unitized faith, because thats really all that makes money money, is our faith in it, or our faith in the a in our belief in it as a medium of exchange. So thats, I feel like thats kind of its essence, because theres no tangible, or so called intrinsic value in it. Its just, its something that we believe in, and thats what makes it valuable. So, um, Stephen [Zarlenga] would say that its a social institution, or something that comes into existence through the law, but still, people have to believe in it, in order for it to be real. I mean, just because the government says it is valuable, does not mean that the people will believe that it has value. So, thats sort of my basic, my personal belief. I would also say that money has a certain, theres something linguistic about it, like it almost has a, is derived from, its a kind of language almost, so thats Its interesting that money, actually, or perhaps you could say it is more of a writing system, or its derived from, or comes out of this same, um, parent, as writing cause actually, when you do your homework, and you look into the anthropological origins of money, you see that writing, that like, the characters that were the, kind of the original form of writing were also used for money, and that they were interchangeable, and so thats kind of revealing in my mind. So, to break it down, Id say that its kind of a language, its almost a language of trust, its the language of acknowledgement that goes hand in hand with trust, so, I mean, you kind of have to play around with all, all of these different dimensions. I dont know if you can say that, like, money is this one thing, but it kind of comprises all of these different qualities, that make up its essence.
Views: 1185 Local Future
Money - An Indispensible Medium of Exchange
 
10:19
This animation introduces the learner to the role of money in today's economy, the barter system and the uses of money. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 2850 Iken Edu
Medium of exchange
 
08:34
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'...[1][2] 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: Value common assets Common and accessible Constant utility Low cost of preservation Transportability Divisibility High market value in relation to volume and weight Recognisability 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.[3][4] 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: 11 Viki English
Money as a medium of exchange
 
01:24
-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 1401 Aayushmaan Singh
Money and Finance: Crash Course Economics #11
 
10:36
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: 765224 CrashCourse
Gold: The Medium of Exchange
 
01:10
This video is about Gold: The Medium of Exchange
Views: 8 Oasis Films
What Is MEDIUM OF EXCHANGE? MEDIUM OF EXCHANGE Definition & Meaning
 
00:47
What is MEDIUM OF EXCHANGE, What does MEDIUM OF EXCHANGE mean, MEDIUM OF EXCHANGE meaning, MEDIUM OF EXCHANGE definition, MEDIUM OF EXCHANGE explanation. Medium of exchange is one of the three fundamental functions of money in mainstream economics.[1][2][3] It is widely accepted token which can be exchanged for goods and services. Because it can be exchanged for any good or service it acts as a intermediary instrument and avoids the limitations of barter; where what one wants has to be exactly matched with what the other has to offer.[4][5] Most forms of money can act as mediums of exchange including commodity money, representative money and most commonly fiat money. Representative and fiat money often exist in digital form as well as physical tokens such as coins and notes. Source: Wikipedia.org
Views: 16 Audiopedia
Macro 4.2- Functions of Money
 
02:02
Mr. Clifford's app is now available at the App Store and Google play. His mobile app is perfect for students in AP macroeconomics or college introductory macro courses. It is designed to help you ace the exam, final, or AP test. The app includes over 60 new economics videos that are not available on YouTube. These videos explain complex concepts in a student-friendly, easy to understand manor that will help you retain the information. Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
Views: 155387 Jacob Clifford
money is a medium of exchange(lyrics
 
02:58
tell me what you think
Views: 270 Kyle Becker
Shai’r the Instigator – Medium of Exchange
 
03:59
Artist/Rapper: Shai’r the Instigator Song: Medium of Exchange Artist’s Biography: A not-so-ghetto, yet ghetto-enough poet. Song Description: The saying ‘money makes the world go around’, inspired me to write and make this song. Contemporary society is so consumed by material things, that it often forgets to stop and breathe. This is a story about a guy so engrossed with money and material, that he forgets how to live and what truly matters in life. The lyrical content allows one to question her/his own obsession with money, and all the negativity it can lead to. Credits: Lyrics: Zushan Ahmad Hashmi Vocals: Zushan Ahmad Hashmi Composition and structuring: Zushan Ahmad Hashmi & Anders Teo Arrangement, Production, Mixing and Mastering: Anders Teo
Views: 60 Salman Ali
what is Cryptocurrency?who functions as a cryptographic medium of exchange?
 
02:56
Crypto Currency (or Cryptography) is a controversial digital asset designed to function as a cryptographic medium of exchange to secure your transactions, additional monitor units, and transfer assets. Crypto values are a type of digital currency, alternative currency, and virtual currency. Cryptocurrencies use decentralized control instead of a centralized electronic money system and central banks. Decentralized control of each cryptocurrency works through blockchain, which is the basis of public transactions, which functions as a distributed record.
Views: 112 Counos Coin
"A Medium Of Exchange"
 
34:38
Remnant Of Grace Ministries COGIC - Sunday Morning Service Nov. 24, 2013 Pastor Vann Medlock www.remnantofgrace.org facebook.com/remnantofgraceministries
Medium of Exchange
 
06:31
Video social networking is a medium of exchange, which provides its users with a means of exchanging opinions with each other. http://www.provenmodels.com
Views: 216 PJCALSF
Money is a medium of exchange
 
03:04
Leave comments School Project Original Song Video is mainly for school need it in a music video. but just listen to the song its a pretty good one
Views: 315 Kyle Becker
MEDIUM OF EXCHANGE
 
02:19
by Franklin Bruno
Views: 56 stultifyify
What is Foreign Exchange in Hindi विदेशी विनिमय क्या है,क्यों रूपए की कीमत डॉलर के बराबर नहीं होती?
 
11:22
Foreign Exchange. Foreign exchange, or Forex, or FX is the conversion of one currency into that of another. Foreign exchange markets The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. The main participants in this market are the larger international banks and  various Financial centres. Exchange rate An exchange rate is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in relation to another currency. For example, an RBI exchange rate of 64 Indian Rupee  to the United States dollar means that ₹64 will be exchanged for each US $1 or that US$1 will be exchanged for each ₹64. Spot Exchange Rate - The spot exchange rate refers to the current exchange rate. The forward exchange rate-  The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. 1 Fixed Exchange Rate 2 Floating Exchange Rate Factors That Influence Exchange Rates Balance Of Payment. Interest Rates Inflation Rate Foreign Reserves Devaluation Of Currency Etc..
Views: 19163 Know Economics
Medium Of Exchange
 
00:57
An Easy Overview Of Medium Of Exchange
Views: 474 Christopher Hunt
Medium of Exchange (MOE) Tokens - Why They Suck (and How They Can Suck Less)
 
18:36
➜ Coin Crunch Mastermind Group: https://www.facebook.com/groups/coinc... ➜ Our telegram channel: https://t.me/coincrunch ➜ Coin Crunch Announcements Channel - https://t.me/coincrunchannoucements ➜ ICO updates - https://coincrunch.io "What's wrong with an very useful dApp?" ...is the question that led to this video. Endor (which, at the moment, has all the hallmarks of being a very useful dApp). There's no problem with being a useful dApp, it's just that from an investment perspective there's an issue with medium of exchange "utility" tokens having an equilibrium value close to 0 (no incentive to hold the token for any amount of time, as it is not a store of value, low friction, causes high velocity, devalues the token). Sources: - https://medium.com/blockchannel/on-value-velocity-and-monetary-theory-a-new-approach-to-cryptoasset-valuations-32c9b22e3b6f - https://vitalik.ca/general/2017/10/17/moe.html - https://medium.com/@kylesamani/new-models-for-utility-tokens-d26c12ec00c5 - https://twitter.com/twobitidiot/status/941719461710704640 - https://twitter.com/twobitidiot/status/951168783296712704 - https://medium.com/tbis-weekly-bits/skin-in-the-game-coins-da0afdfdc650 Find us online: Steemit: https://steemit.com/@coincrunch Twitter: https://twitter.com/realcoincrunch Facebook: https://www.facebook.com/realcoincrunch
Views: 2400 Coin Crunch
The Relationship Between Medium of Exchange, Store of Value, and Unit of Account - Kyle Samani
 
35:34
There are three commonly acknowledged purposes of money: medium of exchange, store of value, and unit of account. How do these purposes relate to each other? Kyle will look at how these different purposes relate to each other and the emergence of new forms of crypto-money Bio: Kyle is the co-founder and managing partner of Multicoin Capital, a hedge fund focusing on blockchain technology. ---------------------------- Refactor Camp: Cryptoeconomics and Blockchain Weirding was a 2-day conference held in Austin Texas on May 12-13th 2018. The event featured talks, workshops, and breakout sessions focused on blockchain technology, the sociology of blockchains, and whatever other weird nonsense the speakers could come up with. ---------------------------- Ribbonfarm.com
Views: 230 Refactor Camp
E-Money: The Evolutionary Medium of Exchange
 
15:12
Nathalie Levasseur Shad-Easton Payne Line Sign Annika van Loenhout Maria Nalunga
Views: 120 okmanletsgo
What are the 3 functions of money?
 
00:39
What are the 3 functions of money? Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Money's most important function is as a medium of exchange to facilitate transactions. Reference: Functions of Money - CliffsNotes https://www.cliffsnotes.com/study-guides/economics/money-and-banking/functions-of-money May 2, 2019
Views: 4 Education Q&A
Karl Lentz   Money is a Medium of Exchange
 
06:46
Warning -- Mirrored This video is not owned by us, we are merely sharing or mirroring this video to help promote the creators view to a greater audience. We do not monetize any mirrored videos and only have the intent to educate and inform whatever we deem worthy of sharing to others. We have absolutely no expectation of PRIVACY in any way over a PUBLIC website, therefore we have no claim to anything we have chosen to share or mirror, it is a shame that others still do. The more mankind wakes up to what's going on around them the better. Enjoy, Share, Like, Subscribe, your choice to spread the knowledge! Legal Disclaimer; The Information and/or knowledge contained in this video is for guidance and education only. While we are aware of common law, we are in no way functioning in a commercial / legal capacity. The knowledge and/or information in this video are offered as an opinion only and are not a substitute for using your own brain and logic or doing your own research.. The intent of this video is to help promote knowledge to all mankind and to cause no harm, loss or fraud to anyone. For appropriate PRIVATE LEGAL advice 'you' should contact or contract a PRIVATE LEGAL professional who is fluent in legalese and a member of 'your' PRIVATE LEGAL SOCIETY, a member of the PRIVATE LEGAL society with the correct jurisdiction and LEGAL authority over 'your' LEGAL and NATURAL PERSONs'. Legal Disclaimer; The Information and/or knowledge contained in this video is for guidance and education only. While we are aware of statutory legislation we are in no way legal professionals, the knowledge and/or information in this video are offered as an opinion only and are not a substitute for PRIVATE professional LEGAL advice. The intent of this video is to help promote knowledge to all mankind and to cause no harm, loss or fraud to anyone.
Views: 150 cka mark otho keen
Money #3 - Store of Value
 
01:23
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: 3549 Ecolanguage
Econ Vids for Kids: What is Money?
 
05:09
What is money? We explore how money originates out of a barter system and the five characteristics of money: divisibility, portability, durability, recognizability, and scarcity. http://inkwellscholars.org
Views: 243760 InkwellMedia
Silver - Medium of Exchange = is Money
 
06:22
Silver is Money To protect us from hyper inflation, experts are suggesting we balance our investments with precious metals. I posted this video, because in my research I found silver to be the best investment today. Gold has gone through the roof as a 1st choice, but silver has been overlooked as a 2nd choice. With the currency crises before us the elite class are taking stock in the precious metal markets to balance their risk in a unstable market. So taking from their lead, so should we. It's important to note that while the movement towards precious metals is driving up prices, the demand sustainability in price is offset by increased industrial demand. While gold is still a good investment, silver is likely to catchup to it, because the industrial demands will only grow and continue. When faced with economic collapse it's our precious metals that are considered real money as our fiat paper bills become worthless.
Views: 359 SilverandGoldNow
What is Money, Really?
 
01:45
What is money? Technically it is a medium of exchange for goods or services. Money itself, the numbers on your bank statement or the $2 coin you hold in your hand mean nothing other than the value our society has given it. But that value – how much we have, or don’t have rules our life.
Take 2: Cryptocurrency as a medium of exchange
 
16:06
George Payne (GatePay Cofounder) presents GatePay's findings on why there has been a bearish Bitcoin (and wider altcoin) market during 2018, namely that the currency is not being utilized as a currency. - [email protected] http://gatepay.co
Views: 120 GatePay YouTube
Litecoin $LTC | Will Litecoin be the medium of exchange of the future?
 
08:50
►►Join our Crypto Cowboys Telegram: https://t.me/joinchat/FcMqTxFwefPcA3akh6EnmA ►►Download your FREE "Crypto Crash Proof" report at: http://cryptocowboys.io In this episode with the Crypto Cowboys we take a look at Litecoin and dive into why we believe this cryptocurrency will be a medium of exchange of the future along with Bitcoin. Is Litecoin truly the silver to Bitcoin's gold status in the cryptocurrency market? DISCLAIMER: -This is not financial advice. - Cryptocurrencies and related technologies are extremely volatile. Never invest more than you are able to lose without seriously impacting your life. - The views expressed in the videos are the opinion of the creators. - Your finances are your responsibility, be responsible. #litecoin #ltc #litecoinreview
Views: 3246 Crypto Cowboys
What is Money
 
09:33
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: 215 Econ Lessons
What is a Currency?
 
01:41
Currency can best be defined as tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash. Typically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has a perceived value and can be exchanged for other objects. Generally speaking, each country has its own currency. For example, Switzerland's official currency is the Swiss franc, and Japan's official currency is the yen. An exception would be the euro, which is used as the currency for several European countries. Investors often trade currency on the foreign exchange market, which is one of the most heavily traded markets in the world. Currency, in and of itself, is nothing. It can be a shell, a metal coin, or a piece of paper with a historic image on it, but the value that people place on it has nothing to do with the physical value of the money. Money derives its value by being a medium of exchange, a unit of measurement and a storehouse for wealth. Money allows people to trade goods and a service indirectly, understands the price of goods and gives us a way to save for larger purchases in the future. Money is valuable merely because everyone knows everyone else will accept it as a form of payment. By Barry Norman, Investors Trading Academy
What is money?
 
03:38
Short presentation about what money is and the origin of it. Money needs to have several properties to function as money (medium of exchange, unit of account, store of value etc) but first and foremost it needs to function as a good for trade. Put simply: Money is the most accepted and liquid good for trade. The supply of money is irrelevant since exchange ratios (prices) will adapt to the level of money in circulation. The introduction of money made trade become much more easy and efficient. Books to read: Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, Henry Hazlitt: https://amzn.to/2L1bh3q Please subscribe for more short presentations about economic principles.
Views: 39 Hej Principles
Faith plus Words, the medium of exchange
 
05:31
Faith nuggets
Views: 249 Frank Machen