UPSC NOTES MONETARY SYSTEM Types of Money Money 1. Full-bodied money Anything which has general acceptance as means of payment. It is the type of money whose Functions of Money:- value as money is equivalent to o Medium of Exchange its value as commodity o Common measure of value E.g. – Gold coin o Standard for deferred payments o Store of wealth 2. Token Money/Credit Money/Paper Barter System – A commodity is exchanged for other Money commodities. Value as money is much more o Problems of barter System are:- than the value as commodity Double coincidence of what is ...
Munich Personal RePEc Archive The Quantity Theory of Money Howden, David 2013 Online at https://mpra.ub.uni-muenchen.de/79601/ MPRAPaper No. 79601, posted 09 Jun 2017 04:56 UTC Journal of Prices & Markets (2013) 1.1: 17-30 The Quantity Theory of Money David Howden1 Abstract: For an innocuous statement based on a trivial tautology, the quantity theory of money is sorely battered. This paper has three goals. First, it exposes the various flavours of the quantity theory as special cases of a simple application of the law of diminishing marginal utility. Second, it provides an overview of some typically controversial ...
Pemasaran dan Riset Pasar serta Kebijakan Lokasi Perbankan 6.1. Pengantar Perbankan memasuki millenium ketiga ini sering juga disebut oleh berbagai kalangan sebagai era globalisasi yang memunculkan terjadinya perubahan-perubahan sebagai berikut: “ (1) Modernisasi, (2) Deregulasi, (3) Privatisasi, (4) Internalisasi, (5) Jaminan Keamanan Dana, (6) Kecanggihan Nasabah, dan (7) Rasio Kecukupan Modal” (Riyadi, 2003 : 2 - 9) Pendapat Riyadi, menggambarkan tuntutan bagi dunia perbankan ditengah-tengah perubahan dan perkembangan zaman yang tidak dapat dielakkan oleh perbankan sebagai lembaga intermediasi antara surplus dana dengan defisit dana. Implikasi dari modernisasi perbankan adalah terjadinya pergeseran pendapatan bank dari peningkatan pendapatan spread bunga (lending ...
E-COMMERCE (M.C.Q.) SEMESTER-II, SECTION-2B,2E TEACHER-ANNU OJHA (A.O.) 1. In credit card [2 marks each] i. No immediate payment is required ii. EMI is applicable iii. Customers spend unnecessarily iv. Payment can be made on emergencies only with the money available in the account a. I, ii c. iii, iv b. I, ii, iii d. all of these 2. Advantages of smart card is/are. i. Huge storage of information ii. Proper identification iii. Comes with cash back rewards iv. All of these a. I, ii c. ii, iii b. Iv d ...
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