The use of barter-like methods in the market. A money"s functions: medium of exchange, measure of value, standard of deferred payment, store of value. Supply of the banknotes, coins. Consideration of modern monetary systems. National functions of money.
National Aviation university Institute of Economics and Management Faculty of Management and Logistics Department of Economic Theory «Finance, Money and Credit» «National functions of money» Performed: student of the 2nd year of study, FML 203 Parkhomenko Olexander Olexandrovich Research advisor: Krapko O.M. Kyiv 2015 Content Introduction 1. History 2. Functions 3. Types Literature Introduction Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for all debts, public and private. Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it. The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts).
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