MONEY

Katty Luy
Mind Map by Katty Luy, updated more than 1 year ago
Katty Luy
Created by Katty Luy about 5 years ago
6
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Mind Map on MONEY, created by Katty Luy on 04/25/2015.
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MONEY
1 DEFINITION
1.1 is a medium
1.1.1 that can be exchanged
1.1.1.1 for
1.1.1.1.1 goods
1.1.1.1.2 services
1.1.1.1.3 repayments
2 FUNCTIONS
2.1 medium of exchange
2.2 measure of value
2.3 standard of deferred payement
2.4 store of value
3 TYPES
3.1 Commodity
3.1.1 precious metals
3.1.2 conch shells
3.1.3 barleys, etc
3.2 Representative
3.2.1 token coins
3.2.2 paper money
3.2.3 certificates
3.3 Fiat
3.3.1 it has value
3.3.1.1 only by goverment order
3.4 Coinage
3.4.1 coins
3.4.1.1 gold coins
3.4.1.2 silver coins
3.4.1.3 copper coins
3.5 Paper
3.5.1 Banknote / note
3.5.2 Checks
3.6 COmercial bank
3.6.1 demand deposit account
3.6.1.1 is an account
3.6.1.1.1 which funds
3.6.1.1.1.1 can be wuthdrawn at any time
3.6.1.1.1.1.1 by check
3.6.1.1.1.1.2 or card
3.7 Electronic or digital
3.7.1 is the money balance
3.7.1.1 recorded electronically
3.7.1.1.1 in a stored-value card
4 MONEY SUPPLY OF A COUNTRY
4.1 consists of
4.1.1 currency
4.1.1.1 banknotes
4.1.1.2 coins
4.1.2 bank money
4.1.2.1 checking accounts
4.1.2.2 saving accounts
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