Chapter2MoneyMcGraw-Hilly/rwinCopyright 2006byTheMcGraw-Hill Companies,Inc.All rights reserved
McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Money
CONTENS02.1 Characteristics of Money2.2Evolutionof the PaymentsSystem2.3The Futureof Money2.4 Measuring Money2-2
2-2 CONTENS 2.1 Characteristics of Money 2.2 Evolution of the Payments System 2.3 The Future of Money 2.4 Measuring Money
2.1 Characteristics of MoneyC1.MoneyMoney is an asset that is generally acceptedas payment for goods and services orrepaymentofdebt.2-3
2-3 2.1 Characteristics of Money 1. Money • Money is an asset that is generally accepted as payment for goods and services or repayment of debt
Characteristics of MoneyO1. A means of payment.2. A unit of Account3. A Store of Value2-4
2-4 Characteristics of Money 1. A means of payment. 2. A unit of Account 3. A Store of Value
2.2 The Payments SystemO1. Types of MoneyCommodity Money - Things that haveintrinsic valueFiatMoney-Value comesfromgovernment decree (or fiat)2-5
2-5 2.2 The Payments System 1. Types of Money • Commodity Money – Things that have intrinsic value • Fiat Money – Value comes from government decree (or fiat)