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 Music
  Teen Raps Money Management
  Las Vegas teen raps about personal finances to win contest
  by savingadvice / on Apr 20, 2012
• in Videos
  Money-Saving Tips For Parents
  From switching to CFL light bulbs to checking unit prices, families can realize considerable savings with these simple tips
  by samkj27 / on Apr 9, 2012
• in Technorati Women
  Marketing Obamacare to Public Via Jesus Christ
  The Good Samaritan offered to pay anything to heal his neighbor, much like the promises of Obamacare.
  by stephengfm / on Apr 8, 2012

Latest blogosphere posts tagged “money”

 

• GetResponse – Is it a Worthy Investment For Your Business?

  
  Internet Business | Make Money — Authority: 139
  People that have no clue about internet marketing understand the importance of e-mail. For free you can send a message to anyplace on the globe. E-mail is important for the internet marketer as the way to deliver digital products to customers. If you are big on customer service, which you should be, then e-mail ...
  1 hour ago

• Top 3 commonly believed SEO myths

  
  Internet Business | Make Money — Authority: 139
  Search engine optimization has been one of the oldest and the most reliable ways to get traffic to your site. Due to your site properly targeting its audience, visitors will come to your website and take action. The biggest advantage is that it doesn’t cost you a single cent to drive this traffic. However, many ...
  1 hour ago

• Taking Charge of Your Websites Online Reputation.

  
  Internet Business | Make Money — Authority: 139
  If a business has an active customer base, then close attention needs to be paid to managing the online reputation. The days where things stayed automatically under your control as far as your reputation is concerned are gone, these days you can see that anything negative about a product or service can quickly spread ...
  1 hour ago

• Getting Started with Social Media Marketing – The Right Way to Do It

  
  Internet Business | Make Money — Authority: 139
  If you’re looking for better ways to connect with your target audience as a blogger or webmaster you can’t do any better than social networking and social media marketing. The sad news is that many have found countless hours of effort in this medium to be unsuccessful for them. These people are left to wonder what ...
  1 hour ago

• Learn Benefits Of Home Based Internet Business, Make Money Online, With Work At Home Jobs Free

  
  Real Writing Jobs Blog — Authority: 147
  http://afmediagroup.org/RealWritingJobs visit our website for exclusive real writing jobs
  1 hour ago

• Doorstep Loans: Get Cash Right at Your Door

  
  — Authority:
  Need doorstep loans? Apply online at doorstep loans Online and get money right at your doorstep. View and Vote
  2 hours ago

• Cheaper gas spurs more travelers this Memorial Day

  
  — Authority:
  read more
  2 hours ago

• Cheap Car Quotes – Never Pay Too Much For Auto Insurance Premiums Again

  
  — Authority:
  Physical condition with all the car confirms the insurance quantity. It is possible to several thought of auto insurance by the advantage of free car insurance quote hand calculators. They give a definative idea whilst you enter the how to go about the car inside online offer. Online estimations will also be gives ...
  2 hours ago

• You can make use of these Jewelryboxes.com promotional codes to enjoy the discounts

  
  — Authority:
  Online Jewelryboxes.com promotional codes are just another way to further discount the total price of a product. You can make use of these Jewelryboxes.com promotional codes to enjoy the discounts. With that, it seems like every day is a day for discounts. You may have noticed that more and more Jewelryboxes.com ...
  3 hours ago

• Catalogue Distribution Melbourne | Brochure Delivery

  
  — Authority:
  Get the fast and reliable service of catalogue distribution in Melbourne. Melno Distribution is the biggest supplier of brochure and catalogue delivery within time period with flexible rates in Melbourne. 1 Vote(s)
  3 hours ago

• Every dollar you save will add up in no time with Mployd.com coupon codes

  
  — Authority:
  You can literally do all your shopping at home, and save in the process with a Mployd.com coupon code! Mployd.com coupons and Mployd.com promo codes of course are used exactly the same way as the usual Mployd.com coupons. Every dollar you save will add up in no time, and youll also save gas money by taking care of all ...
  3 hours ago

• Jewelryarmoire.com discount coupon codes actually yield purchases with the savings

  
  — Authority:
  Jewelryarmoire.com promotion codes allow people to buy things at a discount. Jewelryarmoire.com discount coupon codes actually yield purchases with the savings that are worth much more than a few bucks or some cheap dollies. Jewelryarmoire.com coupons are nothing but redirection links wherein you can avail handy ...
  3 hours ago

• Houston roofers

  
  — Authority:
  CLC Roofing Houston is a premier Houston Roofing Contractor specializing in residential and commercial roofing in Houston, TX. Houston roof repairs and replacement. 1 Vote(s)
  3 hours ago

• Shopping with Onlyslippers.com discount codes can be very beneficial

  
  — Authority:
  Shopping with Onlyslippers.com discount codes can be very beneficial in a number of ways. You can not only buy the products of your choice at the most economical price but also you can give away your ones buy a new one by availing the Onlyslippers.com coupon code associated with it. Deals365.us offer different ...
  3 hours ago

• EPDM rubber roofing

  
  — Authority:
  Flexible Lining Products Ltd is the UKs leading direct supplier of premium quality ClassicBond EPDM & Sealeco Elastoseal EPDM for flat roofing and green roof applications. We offer a range of flat roofing EPDM rubber products with accessories including Sealeco Elastoseal EPDM, ,Nophadrain with a variety of green ...
  3 hours ago

• Flyer Distribution Melbourne | Flyer Delivery

  
  — Authority:
  Looking for promotional ideas for your flyer distribution business in Melbourne - Professionals at Melno can create the best artwork for flyer delivery according to your requirements. 1 Vote(s)
  3 hours ago

• Jaypee Orchards Noida | Jaypee Orchards

  
  — Authority:
  Jaypee Orchards Noida Launch by Jaypee Greens. Jaypee Greens Orchards is premium apartments located in Noida sector 131. At Jaypee Orchards in wish town Jaypee Greens offers 3BHK & 4Bhk apartments. 1 Vote(s)
  3 hours ago

• Patiofurnitureusa.com coupon codes are promising to give substantial discounts on a variety of products

  
  — Authority:
  Patiofurnitureusa.com coupon codes are promising to give substantial discounts on a variety of products. It is very convenient to view the given Patiofurnitureusa.com discounts while going for the e-shopping. The online portal is a good medium to sell products and services where the suppliers have potential to reach ...
  3 hours ago

• An Introduction To Strength Equipment

  
  — Authority:
  The use of Strength Equipment training not only grows overall muscle strength, but in the process of building up the strength of your muscles, you are also going to be increasing your metabolism. 1 Vote(s)
  3 hours ago

• Star Money Articles and Carnivals for the Week of May 21

  
  — Authority:
  Here are some pieces I found especially worthwhile and some of the carnivals Free Money Finance was in this week: My Personal Finance Journey covers CarMaxs MaxCare Extended Service Plan . Christian Personal Finance lists six careers with high unemployment . Carnival of Personal Finance Festival of ...
  3 hours ago

Comments about money