MONEY
Kinga Piziak
Grupa projektowa: IV
Trener: Cesar Alcibar Martinez
Kompetentny ekonomista i logistyksukces na rynku edukacyjno – zawodowym!
Człowiek – najlepsza inwestycja!
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
What is money?
Money is any object or record
that is generally accepted as
payment for goods and services
and repayment of debts in a
given country or socio-economic
context. The main functions of
money are distinguished as: a
medium of exchange; a unit of
account; a store of value; and,
occasionally in the past, a
standard of deferred payment.
Any kind of object or secure
verifiable record that fulfills
these functions can serve as
money.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
Money originated as commodity money, but nearly all
contemporary money systems are based on fiat money. Fiat money
is without intrinsic use value as a physical commodity, and 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, both public and private".
The money supplied by a country consists of currency (banknotes
and coins) and bank money (the balance held in checking accounts
and savings accounts). Bank money usually forms by far the largest
part of the money supply.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
History of money
The history of money spans thousands of years.
Numismatics is the scientific study of money
and its history in all its varied forms.
Many items have been used as commodity
money such as natural scarce precious metals,
cowry shells, barley, beads etc., as well as many
other things that are thought of as having value.
Modern money (and most ancient money) is
essentially a token; in other words, an
abstraction. Paper currency is perhaps the most
common type of physical money today.
However, golden or silver objects present a
great number of money essential properties.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
Functions Of Money
 First: Money as a Medium of
Exchange.
The function of money as a
medium of exchange solves all the
difficulties of barter system.
Therefore, there is no necessity to
pay for these goods in cash or with
credit card. For instance, when a
farmer who owns a cow wants to
buy cloth does not need to pay to a
cloth seller. He could agree with
the cloth seller, so that the two
parts can reach an agreement
without involving money.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
 Second: Money as Measure
of Value.
As economists substain, all
goods are financially valued
in terms of comfortableness.
Therefore, money is like the
yard stick of a cloth
merchant,
as
yard-stick
measures all varieties of
cloth, money measures the
value of all range of goods.
This money function makes
transactions not only simple,
but also fair.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
 Third: Standard of Deferred
Payment
In a financial system, contracts
are made in order to secure
future payments, either in cash
or in other forms. In this way,
money is the standard of
deferred payments. This function
stimulates all kinds of wjtich
Economic activities depend on
borrowed money.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
 Money as a Store of Value:
Goods can not be stored Because they are perishable. People
receive Their incomes in money form and keep their savings
in money banks. In forms in this way, money is used to store
commodity values.
The essential or primary functions of money are:
a) To serve as a medium of exchange.
b) To serve as a measure of value.
These two functions are of secondary importance because they,
derived functions. in modern economy, money plays a very
important role. Its disappearance would cause disappearance
of economy itself.
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
Money HUMOR
• I went to the bank and went over my savings. I found out I have all the
money That I'll ever need. .. . If I die tomorrow.
- Henny Youngman
• My girlfriend's father died of throat trouble. . . . They hung him. He
used to work in a bank. But no matter how much the boss likes you, if
you work in a bank you can not bring home samples.
- Eddie Cantor
• One rule Which woe betides the banker who fails to Heed it. . . Never
lend any money to anybody unless they do not need it.
- Ogden Nash
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
• Regard your voice as capital in the bank. . . . Sing on your interest and
your voice will last.
- Lauritz Melchior
• Anytime four New Yorkers get into a cab together without arguing, a
bank robbery has just taken place.
- Johnny Carson
• If you'd lose a troublesome visitor, lend him money.
- Ben Franklin
• He's got a wonderful head for money. There's this long slit on the top.
- David Frost
• The Safest way to double your money is to fold it over once and put it in
your pocket.
- Kin Hubbard
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki
THE END
Projekt współfinansowany ze środków Unii Europejskiej w ramach Programu Operacyjnego Kapitał Ludzki