MONEY

Beschreibung

Mindmap am MONEY, erstellt von Katty Luy am 25/04/2015.
Katty Luy
Mindmap von Katty Luy, aktualisiert more than 1 year ago
Katty Luy
Erstellt von Katty Luy vor etwa 9 Jahre
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Zusammenfassung der Ressource

MONEY
  1. DEFINITION
    1. is a medium
      1. that can be exchanged
        1. for
          1. goods
            1. services
              1. repayments
        2. FUNCTIONS
          1. medium of exchange
            1. measure of value
              1. standard of deferred payement
                1. store of value
                2. TYPES
                  1. Commodity
                    1. precious metals
                      1. conch shells
                        1. barleys, etc
                        2. Representative
                          1. token coins
                            1. paper money
                              1. certificates
                              2. Fiat
                                1. it has value
                                  1. only by goverment order
                                2. Coinage
                                  1. coins
                                    1. gold coins
                                      1. silver coins
                                        1. copper coins
                                      2. Paper
                                        1. Banknote / note
                                          1. Checks
                                          2. COmercial bank
                                            1. demand deposit account
                                              1. is an account
                                                1. which funds
                                                  1. can be wuthdrawn at any time
                                                    1. by check
                                                      1. or card
                                              2. Electronic or digital
                                                1. is the money balance
                                                  1. recorded electronically
                                                    1. in a stored-value card
                                              3. MONEY SUPPLY OF A COUNTRY
                                                1. consists of
                                                  1. currency
                                                    1. banknotes
                                                      1. coins
                                                      2. bank money
                                                        1. checking accounts
                                                          1. saving accounts
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