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 Gaming
  Cost Versus Value in Gaming
  It's not a cost of $60 but a great value at $60
  by geotrax / on Jan 30, 2012
• in Blogging
  Unemployment numbers optimistic while many Americans not "gainfully" employed
  The 8.5% unemployment rate has been looked at by most as an improvement. Yet, many Americans are "under" employed.
  by theweeklystash / on Jan 22, 2012
• in Business
  You Gotta Know When to Hold 'Em
  Verizon's about-face over a proposed fee is just the latest in a series
  by oldgoat1957 / on Dec 31, 2011

Latest blogosphere posts tagged “money”

 

• Where to Look for Cheap Domain Names Available

  
  IBS Pro! — Authority: 117
  Having a good domain name before starting your online business is a very good idea. For some people maybe this is a silly thing, but actually this can be very beneficial for us. When someone think about your business and want to look for it on the internet, they will think about the name of [...]
  5 hours ago

• How To Earn Quick Cash Online

  
  Corporate Promotional Items - Four MYKC — Authority: 146
  The creation of the Internet has made numerous exceptional entrepreneurial possibilities for people seeking to make quick cash online . While there are numerous possibilities developing an Internet e-commerce presence, here are a handful of recommendations that can get you on the way toward earning fast money on the ...
  6 hours ago

• Strategies On Tips On How To Make It In The Affiliate Promoting World

  
  Into Tech , , Into Tech — Authority: 135
  {lang: en-GB} A new fad is growing in this age where things are accomplished via the internet. It’s a type of internet marketing and is dubbed as affiliate marketing. Techniques such as e-mail marketing; Pay Per Click (PPC); Search Engine Optimization (SEO) and; sometimes display advertising are employed by ...
  6 hours ago

• Vital Information And Details And Facts About Free Online Tax Preparation

  
  All Time Finance — Authority: 142
  Free online tax preparation is a great alternative to individuals who have a hard time completing the paperwork. Taxes generally strike notes of fear in people, but it does not need to. Several services are available to help people get everything completed before the dreaded April deadline. The initial step in ...
  6 hours ago

• Summit tackles ‘whiplash epidemic’

  
  This Is Guernsey — Authority: 150
  A summit of top cabinet ministers are to discuss ways to slash the number of whiplash claims forcing up car insurance premiums in Britain.
  6 hours ago

• Summit tackles ‘whiplash epidemic’

  
  Express & Star Sport — Authority: 573
  A summit of top cabinet ministers are to discuss ways to slash the number of whiplash claims forcing up car insurance premiums in Britain.
  6 hours ago

• Are Your Finances a Wreck?

  
  Rich Credit Debt Loan — Authority: 463
  As the housing crisis worsens and the economy looks increasingly weak, most Americans are facing the reality that their finances are in a bit of a wreck. Chronic overspending , a lack of savings and too much bad debt has left many in a financial condition that they would prefer not to be in. Here are some top warning ...
  6 hours ago

• Nottingham Forest owner found dead at home

  
  Thaindian News — Authority: 506
  London, Feb 5 (IANS) English football club Nottingham Forest’s owner Nigel Doughty, who stepped down as the club’s chairman in October, was found dead at his home in Lincolnshire.The club said that the 54-year-old was found dead in his home gym Saturday.“It is with enormous sadness that Nottingham Forest ...
  6 hours ago

• ‘$94 bn graft mars Gilani government’

  
  Thaindian News — Authority: 506
  Islamabad, Feb 5 (IANS) Pakistan has lost Rs.8,500 billion ($94 billion) in corruption, tax evasion and bad governance during the rule of Prime Minister Yousuf Raza Gilani, graft watchdog Transparency International Pakistan (TIP) has said.TIP advisor Adil Gillani told The News that the impact of corruption is far ...
  6 hours ago

• The General – Affordable General Insurance Online

  
  Invest your money — Authority: 130
  What is insurance? It can be defined as the payment of a small predictable amount of money i.e. premium, in order to protect against a larger unpredictable expense that may be a loss or claim. In short, insurance protects against a larger unpredictable expense and transfers the risk from you to the insurance company ...
  6 hours ago

• Pulling More Profits From Passive Income Streams

  
  All Time Finance — Authority: 142
  For those who have been operating tirelessly to make your internet site earn something, but pointlessly, then welcome for the world – but all isn’t lost. Millions of people have wondered the way to create passive income styreams from their site. What are the best techniques to do it? The remainder of this perform ...
  6 hours ago

• A Great Marketing Strategy For All Lawyers

  
  the irs team — Authority: 109
  A Great Marketing Strategy For All Lawyers You may have been an attorney for many years or for just a few weeks. Whatever the case may be, if you are on this page then that means you are curious about how you can awaken the marketing skills in your blood, If so, then youre probably wishing that you had stopped by ...
  6 hours ago

• Permanent Life Insurance: Worth the Money?

  
  Brilliant Review Corner - Best Insurance Review Blog — Authority: 120
  Permanent Life Insurance: Worth the Money? Article by Denise Mancini Buying life insurance requires a lot of thought and planning. For most people, the choice is between a permanent life policy and a term life policy. Here’s a bit of information on permanent life insurance to help you make a better-informed ...
  6 hours ago

• Easy Home Improvement Projects

  
  Handy Man Fix Home Repair — Authority: 463
  Fixing up your very own home with some easy home improvement projects can be enjoyable as well as profitable, even when you are only making a few easy home improvement changes in your space. There are several different touches that you can implement to your bathroom or your kitchen in order to add value into that ...
  6 hours ago

• Trading Systems 2.0 Download

  
  Extreme eBooks, Audiobooks & Software Download — Authority: 133
  From: David Jenyns – The System Design Expert There are hundreds of “trading gurus” who want to sell you get-rich-quick products for big bucks. Maybe you’ve bought a few already. Some of them work – some of these programs are even great. But where almost all of them fail is in painting a picture of how ...
  6 hours ago

• Do You Need To Find A Franchise Consultant To Franchise Your Enterprise?

  
  4myp - Custom Promotional Calendars — Authority: 140
  Well, as a former franchisor I am typically asked by startup entrepreneurs various questions about entering the franchising industry. Typically they run a small business, or have a small chain of shops that they would now prefer to Franchise, as they’re working well, getting cash, and lots of of their clients ...
  6 hours ago

• Don’t Open a Merchant Account Before Considering These Factors

  
  HowToFindItOnline.com — Authority: 126
  TweetShareIf you’re marketing items on the internet, you need a reliable way to accept payments for them. Choosing a good merchant account makes the difference between success and failure for your business, because your customers will obviously not find it appealing if they see their payments are not going through ...
  6 hours ago

• The Automatic Wealth Building Habit

  
  Finances Blog — Authority: 134
  The answer is yes…you just need to acquire a new wealth building habit. You are going to love this habit because you do not even have to remember it….a banking computer remembers the habit for you! How is that possible? Read on and you will soon see.Here is how the automatic wealth building habit works. It is ...
  6 hours ago

• Mitt Wins, Newt Flails in Nevada

  
  The Mental Recession — Authority: 574
  Mitt Romney has now won two states in a row, the first time weve seen that during the GOP primaries.  It appears Gingrich will come in second, followed by Paul and then Santorum. Via CNN : Declaring victory in Nevadas Republican presidential caucuses on Saturday, Mitt Romney again turned away from his GOP rivals ...
  6 hours ago

• Raise Money with Crowd Funding

  
  The Wright Place TV — Authority: 99
  I’ve been telling people to start their own business for years. Even if you have a career, your own business can be the thing that balances your financial ups and down. Now in this economy it takes a career AND your own business to make it. Take a look around you. See who is making [...]
  6 hours ago

Comments about money