Презентация на тему Definition of money

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.

value
Standard of deferred payment
Store of value
Means of payment

standard numerical monetary unit of measurement of the market

value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt. To function as a 'unit of account', whatever is being used as money must be:
•Divisible into smaller units without loss of value; precious metals can be coined from bars, or melted down into bars again.
•Fungible: that is, one unit or piece must be perceived as equivalent to any other, which is why diamonds, works of art or real estate are not suitable as money.
•A specific weight, or measure, or size to be verifiably countable. For instance, coins are often milled with a reeded edge, so that any removal of material from the coin (lowering its commodity value) will be easy to detect.
•Money acts as a standard measure and common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems.

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the exchange of goods and services, it is performing

a function as a medium of exchange. It thereby avoids the inefficiencies of a barter system, such as the "coincidence of wants" problem. Money's most important usage is as a method for comparing the values of dissimilar objects.

is an accepted way to settle a debt –

a unit in which debts are denominated, and the status of money as legal tender, in those jurisdictions which have this concept, states that it may function for the discharge of debts. When debts are denominated in money, the real value of debts may change due to inflation and deflation, and for sovereign and international debts via debasement and devaluation.

value, a money must be able to be reliably

saved, stored, and retrieved – and be predictably usable as a medium of exchange when it is retrieved. The value of the money must also remain stable over time. Some have argued that inflation, by reducing the value of money, diminishes the ability of the money to function as a store of value.

and payment of debts. This function takes an independent

value to a situation of instability of prices for goods. For example, it was bought on credit goods. The amount of debt expressed in money, not in the amount of purchased goods. Subsequent changes in the price of goods has no effect on the amount of debt to be paid in cash. This function is performed as the money when money relations with the financial authorities. A similar role in the sense of money, when they express any economic indicators.