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.

by Ed Dickson Are you a writer, passionate about this or any other topic? Join Blogcritics!

Original Technorati articles tagged “money”

• in Entertainment
  Superman Saves Lives and Makes The Cash [infographic]
  The Man of Steel is hitting the box offices this summer and has raked in the cash over the years.
  by sageone73 / on Jun 6, 2013
• 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

Latest blogosphere posts tagged “money”

 

• Will The Judge Let A Teatoot Beat Papaw Steve?

  
  — Authority:
  State lawmakers may have to redraw the boundaries of Kentucky’s six congressional districts later this year when they meet in a special session to remake state legislative districts, Gov. Steve Beshear said Monday. [ Bluegrass Politics ] The Supreme Court says deals between pharmaceutical corporations and their ...
  20 hours ago

• Watch Your Cash: New BAIL-IN Rules Will Force “Failed Bank Losses on Investors”

  
  — Authority:
  Mac Slavo | Though warnings urging depositors to get their money out of banks spread across the world, few have taken them seriously.
  20 hours ago

• Do you need a TV licence?

  
  — Authority:
  Think you can save money by throwing away your TV and only watching shows online? It isnt that simple. Heres a guide to when you do and dont need a TV licence With many TV channels offering online services, youd be forgiven for thinking you could save some money by cancelling your £145.50 colour licence, sticking ...
  20 hours ago

• How Businesses and Individuals can Benefit From a Hard Money Loan

  
  ListFree.org - Free Press Release Portal — Authority: 152
  Many people at some point in their lives will need to apply for a loan of some sort. Many people have taken out a loan for college or when buying a home or a vehicle. Loans are never a desirable solution as it means eventually having to pay back the amount in full with interest. However, there are times when it is ...
  20 hours ago

• Live webchat: How to fund your postgrad

  
  — Authority:
  Sponsored Q&A;: Need advice on finding postgraduate funding? Post your comments now and join us between 1-3pm to discuss the funding options that are available If you want to study a postgraduate degree, youll need to search hard for funding. While government loans are available to almost all people who hope to ...
  20 hours ago

• Image » Download & Print Money In The Bank 2013 HQ Official Poster [A4/2.5MB]

  
  — Authority:
  DOWNLOADDownload WWEs Upcoming Pay-Per-View Money In The banks 2013...
  21 hours ago

• DealBook: Albany May Tighten Rein on Banking Consultants

  
  — Authority:
  Benjamin M. Lawsky, New York’s superintendent of financial services, is said to be considering invoking a state law dating back to 1892 to crack down on the industry.        
  21 hours ago

• Your new summer wardrobe doesn’t have to cost a fortune!

  
  — Authority:
  I love this time of year when you can start to break open your summer wardrobe, walk out of the house in a morning without your coat on, you start to smell freshly cut grass AND you can start looking forward to holidays, BBQs and late nights sitting out on the patio.  It is a time full of promises of great moments to ...
  21 hours ago

• "The Drawdown of Personal Retirement Assets"

  
  — Authority:
  Interesting but long study by MIT: http://economics.mit.edu/files/6318 Some snippets: average PRA balances continued to grow through at least age 85 The Investment Company Institute (2012) reports that PRA assets totaled $9.4 trillion in 2011, compared with $2.3 trillion in private sector defined benefit plans The ...
  21 hours ago

• Nuisance TV call centres fined

  
  — Authority:
  Two companies which appear in BBC3 series The Call Centre have been issued with fines totalling close to a quarter of a million pounds for nuisance calls, the Information Commissioners Office (ICO) has said.
  21 hours ago

• Use This Tipping Guide and Youll Never Look Cheap Again

  
  — Authority:
  If youre unsure of when and how much to tip, our partner Business Insider has the deets so youll never have to worry about shortchanging someone again. According to the rest of the world, Americans ( more specifically, New Yorkers ) are the most generous tippers out there. RELATED: Manhattan Sushi Restaurant ...
  21 hours ago

• Afghan president says his armed forces now taking the lead for security around the country

  
  — Authority:
  KABUL, Afghanistan (AP) — Afghan president says his armed forces now taking the lead for security around the country. Read more here: Afghan president says his armed forces now taking the lead for security around the country The post Afghan president says his armed forces now taking the lead for security ...
  21 hours ago

• Personal Loan For Renter Is Solely Made For The Renters In UK

  
  — Authority:
  Tenants may have as much personal wishes as house owners do have. A householder can take various types of loans to gratify his private wishes. While renters have only less options, so far taking a loan is concerned. Being conscious of this fact, banks in UK have designed personal loan for renter. This loan is ...
  21 hours ago

• Mad Money Lightning Round: ConAgra Is Terrific

  
  TheStreet.com — Authority: 544
  Search Jim Cramers "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.NEW YORK (TheStreet) -- Heres what Jim Cramer had to say about some of the stocks callers offered up during the "Mad Money Lightning Round" Monday evening: eBay : "I think its very right, especially after this ...
  21 hours ago

• Secured Payday Loans-Avail Finance At Your Terms

  
  — Authority:
  People get the necessary finance easily after they have made up their mind to take the loan against their property. Secured personal loans have grown popular with borrowers due to several advantages attached to it. 2 of many attractions of secured private loans are lower rate of interest and bigger amount of loan. ...
  21 hours ago

• Secured Personal Loans – Single Solution For All Your Financial Problems

  
  — Authority:
  The general opinion of folks about secured personal loans has experienced a sea change. They are not considered as evil as in the yesteryears. They have become as much a part of the present days individual as some of the necessities like food. Actually it is secured private loan which finances food and other needs ...
  21 hours ago

• Systematic Approach to Trace Cheap Private Loans Consolidation Loans

  
  — Authority:
  Human desires are not limited and change every now and then. One has a tendency to meet them by spending his or her savings or getting a loan from the market. Savings imply the reserve that has been built by cutting the expenses; it shows the hard-earned money saved over a period of time. There isnt any need to ...
  21 hours ago

• Family of US scientist Shane Todd call Singapore inquest a ‘sham’

  
  — Authority:
  The family of an American scientist found hanged in Singapore last year dismissed on Tuesday the city-state’s findings that he committed suicide as “a sham and a cover-up” for a murder. “I am not surprised by the state’s findings because the state refused to consider murder, they only investigated ...
  21 hours ago

• Jay-Z, Samsung and the 21st-Century Patrons of the Arts

  
  — Authority:
  When you’re locked in a global war to dominate the smartphone market, every little advantage helps. And now Samsung has enlisted one of the most brilliant musicians and promoters of the past two decades to its arsenal: Jay-Z. During game 5 of the the NBA finals on Sunday, Samsung aired a three-minute ad announcing ...
  21 hours ago

• NSA Scandal: Tech Titans Jockey to Be the Most Transparent of All

  
  — Authority:
  Trust us, we’re from Silicon Valley. America’s largest Internet companies are tripping over themselves to bolster their public image following blockbuster disclosures about their role in the U.S. government’s controversial data-gathering program. Ever since news reports suggested that major tech firms ...
  21 hours ago

Comments about money