Is cryptocurrency a better option than traditional money? For cryptocurrency to become wildly accepted there needs to be a reason to pick it over traditional money. Why would anyone choose to use for example Bitcoin in daily life? To answer this question we will be using Table 1.0 and the examples of Gold‚ US Dollar and Bitcoin. 1. Fungible (Interchangeable) The first trait money should have is fungibility‚ this basically means that one $10 bank note is interchangeable with another. It is also interchangeable
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CHAPTER-ONE 1. Introduction: The money demand is one of the most closely studied relationships in economics. One reason is that the question of the stability of money demand has long been central to issues of monetary theory. However‚ despite intensive analytical and empirical efforts‚ there is no general consensus concerning the stability (or instability) of money demand. Existence of a stable money demand is very much important for maintaining monetary stability. Though there
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ABSTRACT Money Laundering is a highly sophisticated act to cover up or camouflage the identity/ origin of illegally obtained earnings so that they appear to have derived from lawful sources. It is the process by which illegal funds and assets are converted into legitimate funds and assets. In other words‚ it is the process used by criminals to wash their “tainted” money to make it “clean. Several regulatory and governmental authorities cite figures for estimated amounts of Money laundered annually
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Finance managers‚ students‚ or anyone involved in the study of business and finance should have proper background and knowledge of the concepts of time value of money (TVM) in order to apply them correctly. Hence‚ the author of the abstract‚ Norman Gardner; suggest that these concepts be clarified and simplified in teaching in order for the students to understand these concepts better. Because these concepts are to be employed by financial managers in a competent manner‚ they should have a clear
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Essay: What is a better monetary system: bargaining or money? The preference of a monetary system is determined by considering several factors. Among them includes a wide range of production parameters which affect the rate at which goods and services are produced into the market. On the other hand‚ the preference is determined by the parameter affecting the customer behaviors in their purchasing (L. Meehan‚ 2015). Money and bargaining is the two main systems which the markets in the universe utilize
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Good health is not just "the absence of disease". It is the absence of disease or discomfort. "Good Health is a state of complete physical‚ mental and social well being‚ and not merely the absence of disease or infirmity." WHO (World Health Organization). I think I am healthy as long as we progress or decay at the same rate as others around me. Normally unhealthy condition does not develop overnight. Pathological development is always accompanied by warnings. Our body is a wonderful machine
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CHAPTER 13| Money‚ Banks‚ and the Federal Reserve System Brief Chapter Summary 13.1 What Is Money‚ and Why Do We Need It? (pages 422–425) Money is anything that people are generally willing to accept in exchange for goods or services or in payment of debts. Money has four functions: a medium of exchange‚ a unit of account‚ a store of value‚ and a standard of deferred payment. 13.2 How Is Money Measured in the United States Today? (pages 425–429) The narrowest definition of the money supply in
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Introduction Electronic banking plays a vital role in the economic development of a country. Due to immense advances of information and communication technology (ICT)‚ it certainly introduced new dimensions for the global banking community. Electronic money transfer is a segment of electronic banking‚ which‚ in turn‚ encompasses all types of business performed through electronic networks. It provides some attractive features for the customers than those offered by traditional banking system such as to
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interest rate of 10% it is better to have $100 today than $120 in 2 years. True TRUE False Question 3 (5 points) Megan wants to buy a designer handbag and plans to earn the money babysitting. Suppose the interest rate is 6% and she is willing to wait one year to purchase the bag. How much babysitting money (to the nearest whole dollar) will she need to earn today to buy the bag for $400 one year from now? (Enter just the number without the $ sign or a comma) Answer for Question 3 is (377)
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-1- Bismillahirrahmanirrahim Essay No. (3) Money and Islam - A Medium of Exchange and a Unit of Account versus Money as a Commodity Everybody is using money. Most of us want it; we work for it and think how to get more of it. Therefore‚ it is vital to ask what money is‚ where it comes from‚ and what money is worth. Economics is an academic discipline that tries to answer those questions. It would be to long and lengthy to discuss about money creation and growth from A-Z but in the following
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