Do you know about - Understanding The Dollar: Purpose of Money, Value, Effects of Rising Prices on Income (1953)
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Understanding The Dollar: Purpose of Money, Value, Effects of Rising Prices on Income (1953) Video Clips. Duration : 9.65 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Free Stock Quotes . thefilmarchive.org The United States dollar (sign: $; code: USD; also abbreviated US$) is the official currency of the United States of America. It is divided into 100 smaller units called cents. The US dollar is the currency most used in international transactions and is one of the world's reserve currencies. Several countries use it as their official currency, in many others it is the de facto currency, and it is also used as the sole currency in some British Overseas Territories (Bermuda, British Virgin Islands and Turks and Caicos). 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. 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, public and private". The money supply of a country consists of currency (banknotes and coins) and bank deposits or 'bank money' (the balance held in checking accounts and ...
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