Macro Economics

MONEYName of StudentSubjectProfessor s nameDateMONEYMoney has existed since the beginning of recorded history . It has taken many forms and shapes . sea shells , glittering objects , stones carved objects and precious metals have been used as gold . But what is silverMoney rump t be defined by the substance it is made or form it has taken . coin deal only be identified by its service . In a parliamentary law whatever performs the function of property is considered propertyEverybody knows that the primary(prenominal) function of money is to be a medium of turn . Which bureau it facilitates the supersede of goods and services . Money makes it possible for slew to exchange the fruits of their labor for goods and services provided by othersWithout money , a husbandman might find it backbreaking to exchange his erect for habiliments electricity , water and other things he call for for his twenty-four hour period to day activities . He would have a unverbalized season if the local electric company would not be evoke on his produce . With the money remains he gouge sell his produce and buy whatever he wants from the money he earned . Without a monetary system , society would not be able to reap the advantages of strength . from each one p[person would need to produce the things that he needsMoney also acts as a standard of re trampe . A thing s survey is metric in equipment casualty of money . With the existence of money as a standard of value we can comparability a value of 12 trucks with the value of a fireside . We simply translate both into one dollar bill terms with see to the dollar as the standard of valueMoney also acts as a standard of differed establishments and as a store of value . As a standard of differed payments money performs the function 0of playacting of establ ishing a future value or obligation in dolla! r terms .

Like buy6ing something today but call to pay for it some other time or by episode it then performs the function of standard for differed payments . it is giving individuals who be vent into contracts with future obligations a clear understanding of the meter for the differed obligationSaving money as assets rather than in equipment and property is utilise money as a store value . You atomic number 18 save dollars for future use with the use of goods and services of storing money rather than assets to reinforcement holdings liquid Using a property as a stored asset may put you in a difficult situa tion to convert it into money immediately at the importation you badly need itThis functions performed by money is super requisite in a highly developed , interdependent and change economy . In the absence seizure of an effective monetary system , such a new-fashioned economy could not existThere are two kinds of money : currency , consisting of coins and dollar bills of all denominations and teach money , which is also called essential deposit money . Checks are called demand deposit money because these checks are backed by a demand deposits at the bank . Checking...If you want to abridge a full essay, grade it on our website: OrderCustomPaper.com

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