Essence and functions of money
1.Origin and essence of money;
2.Forms of money and their evolution;
3. Functions of money; money properties.
Mamatjanov Kamronbek
1. ORIGIN
AND ESSENCE OF
MONEY
CONCEPTS OF
THE ORIGIN OF
MONEY
rationalistic money arose as a
result of
agreements
between people
evolutionary - the
emergence and
development of money is a
complex evolutionary
process due to the
development of exchange
and production
MONEY is a specific commodity that has the ability
to be exchanged for any other goods,
i.e. is the general equivalent.
simple or
random
•one
commodity
was
spontaneously
exchanged for another. This stage
corresponded to the early exchange
between the communities
full or
extended
•associated with the development of
exchange, the allocation of tribes of
pastoralism and agriculture
generalized
form of value
•the allocation of individual goods that
performed the role of a general equivalent
in local markets
monetary
•allocated for the role of the universal
equivalent (gold and silver)
2. FORMS OF MONEY AND THEIR EVOLUTIO
FORMS OF
MONEY
fullfledged
defective
1) FULL MONEY - money in which their nominal
and real value are equal.
2) INCOMPLETE MONEY - money, the value of
which is higher than the value of the metal from
which they are made.
•A billon coin is a bargaining chip with a small
value, which is minted from ordinary metal.
• Paper money - signs of value that are not
exchangeable for metal, which are issued by the
state to cover its budgetary costs, are endowed with
a forced exchange rate and mandatory acceptance
for all payments.
•Bank money (banknotes) are inferior tokens of
value that are issued by banks on the basis of
lending to the real economy and their release is
associated with the needs of turnover.
• Deposit money - exists in the form of entries in
bank accounts.
3. FUNCTIONS OF MONEY
1
2
3
4
5
•money as a measure of value - provides the expression and
measurement of the value of a commodity in the form of a price
•money as a means of circulation - an intermediary in the exchange
of goods. Commodity - Money - Commodity
•money as a means of payment - serve the repayment of various
debt obligations
•money as a store of value
•world money function
4. PROPERTIES OF MONEY
value stability - money should not depreciate over a long period of time
economy - the cost of issuing money should be minimal
long-term use
homogeneity - the elements of money are the same
portability
divisibility
identification - money should be easily recognizable