money

Money is a medium of exchange, a measure of value, a standard of deferred payment and a store of value. People have long argued that some of these definitions of money are in conflict with each other. For instance, a measure of value and a store of value mean the same thing to some people.

In the past, money was backed up by commodities, such as gold and silver. In the modern world, we use what is known as “fiat money," which is backed up (and valued) by a legal entity. Fiat translates into "government order." In the U.S., the legal entity controlling money is the Federal Reserve. Other major legal entities that perform this role are the European Central Bank, Bank of Japan, People’s Bank of China and the Bank of England.

The value of money traded in the international market. The value is based on market decisions, which change all the time. Some countries peg the value of their money to another larger (more accepted) currency. Money is traded in the Foreign Exchange Market, which is considered one of the most liquid markets in the world. The purpose of this market is to facilitate trade and investment.

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Original Technorati articles tagged “money”

• in Technology
  Technology Used to Teach Children About Money
  There is a growing movement to use technology that can teach children about money and improve their understanding of finance at a young age.
  by lanabandoim / on Apr 22, 2013
• in Gaming
  Atari Files for Bankruptcy
  After many amazing decades, Atari is throwing in the towel.
  by smurfz / on Jan 22, 2013
• in Business
  What the Credit Card Market has in Store for Your Wallet in 2013
  Credit card trends reveal an improving economy, significant savings opportunities for consumers with above-average credit standing.
  by cardhub / on Jan 11, 2013

Latest blogosphere posts tagged “money”

 

• (PHOTOS) Floyd Mayweather’s Daughter Has A Crazy Birthday! Check Out Who Showed Up & Her BIG Gift!!

  
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  DatzHott.com - "Where Everything Cool is Hott!" This is one lucky 13 year old!  What a party!  You wouldn’t expect anything less though from Floyd Mayweather would you?!  Check out who showed up and the HUGE gift she got for her birthday!! GameTimeGirl *PHOTOS ABOVE IN GALLERY* Via MTO : Money ...
  4 days ago

• $4 Vidal Sassoon Coupon = Walmart Money Maker Deals!

  
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    Hurry and log in to the Vidal Sassoon Facebook page to get a $4/1 Vidal Sassoon Coupon mailed to you!  From the picture on the Facebook page it looks like this is good on any Vidal Sassoon product which means this is a Walmart Money Maker!   Walmart Deal:   Vidal Sassoon Hair Care: [...]
  4 days ago

• Dont Waste Your Money on These 10 Grocery Items

  
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  Hey, were all guilty of the grocery-store grab: Those items that wind up in your cart when youre standing in a long line. Candy bars, sodas, exotically flavored gum -- we all know they are money wasters, but somehow they sneakily make their way into our hearts anyway.
  4 days ago

• Travel Prices Are Going Up This Summer

  
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  kenkeenery1621 / Flickr | http://www.flickr.com/photos/kenkeener1621/3008566913/ For those looking to make some travel plans this summer (now that the weather is finally shaping up after a horrendous winter), you might have to pick a travel destination closer to home to avoid new airline price spikes. ...
  4 days ago

• The Guacamole Indicator

  
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  Editor’s note: The following is a guest post by. Dave Gilbertson, VP & GM, SaveLocal from Constant Contact. Gary Gulman is one of my favorite comedians and he tells a story about the magic of finding a $20 bill.  It makes any of us feel rich!  He goes to Chipotle and is asked if he wants to add guacamole to ...
  4 days ago

• U.S. Senators respond to Apple’s tax avoidance strategy ahead of tomorrow’s hearing

  
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  Tomorrow will be a pretty big day for Apple CEO Tim Cook, finance boss Peter Oppenheimer and Tax Operations head Phillip Bullock as the three men are scheduled to appear in front of the United States Senate Permanent Subcommittee on Investigation and give testimony regarding the company’s creative approach to tax ...
  4 days ago

• Real Madrid says coach Jose Mourinho will leave at end of season

  
  heave-ho.org — Authority: 159
  MADRID (AP) — Real Madrid says coach Jose Mourinho will leave at end of season. Visit link: Real Madrid says coach Jose Mourinho will leave at end of season
  4 days ago

• The Lonely Island have that ‘Diaper Money’

  
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  The Lonely Island promo train just keep rolling on and we’re getting updates even more frequently than just on #WackWednesdays. Their latest video for “Diaper Money” just hit the web and it’s exactly what I’d image grown ass dudes rapping about. Lyrics about coffins, diapers, and wives p*ssies. This video ...
  4 days ago

• The 12 Worst Mutual Funds!

  
  Early Retirement & Financial Independence Community — Authority: 153
  Hopefully no one here owns any of these - though lots of someones had to. What stuck out to me was the high expenses associated with these wunderfunds in light of the recent discussions on 401k fees stemming from The Retirement Gamble show on PBS a few weeks back. Note the expense ratios for the privilege of these ...
  4 days ago

• Apple: Tim Cook Heads To Washington To Talk Taxes

  
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  ByMoney Investor: It is one of the most widely covered stories in the market today, that of Apple ( AAPL ) and its massive cash hoard that is trapped outside of the United States. The debate over the strategy Apple should employ with regard to its cash balance received a jolt when Apple announced in its latest ...
  4 days ago

• Photo of the Day

  
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  The Reverse Blessing (cc photo by VinothChandar) The photographer explains the shot: I took this shot in the famous Meenakshi Amman Temple in Madurai. There is a custom in all south Indian temples where the pilgrims offer money or food … Continue reading →
  4 days ago

• FarmVille Summer Vacation Personality

  
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  4 days ago

• Your Daily Quote

  
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  “No one expects you to take a vow of poverty. But I will say it betrays a poverty of ambition if all you think about is what goods you can buy instead of what good you can do.” – Barack … Continue reading →
  4 days ago

• New Printable Coupons!

  
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  We have a coupon for Bertolli Italian food… and then some! Print your coupons here:
  4 days ago

• Titanic II: Ice Rage Cruise Ship Will Pay Crew Members With Elitism And, Uh, Love

  
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• Creativity: Pitch Like a Pro – 10 Tips (Part 2)

  
  Angela Booth's Fab Freelance Writing Blog — Authority: 137
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• Winning Powerball, a little bit at a time, over and over and over...

  
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  Huge jackpot lotteries in the USA, like Powerball and Mega Millions, offer the jackpot as either an annuity for the total amount of the prize, or a lump sum for a reduced amount. It seems that the vast majority of the winners pick the lump sum over the annuity. Which to me just makes no sense at all. Im wondering why ...
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• MoneyWiz – Personal Finance (Sale iPhone App)

  
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  MoneyWiz - Personal Finance is on Sale for a Limited Time
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• Seasoned Show - Cutting Mare

  
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   Phenomenal seasoned show mare. Needs a few weeks of conditioning to go in the show ring, but needs no guidance. She is very cowy, knows her job and loves it! Very quick and catty. The rider must have a good seat and be ready to drop the reigns and enjoy the ride. Shes an absolute dream to ride. Im only selling her ...
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