Sunday, February 16, 2014

Types and forms of money

In fact, puzzled rights in writing about money in general , and on the types or forms, in particular , if they are writing scientific research there is no problem because specialists can follow up the matter easily , but when you write for the public , of the non-specialists Thar really , because you want to intensify the subject, and drafted a simple style , away from the specialized Specialties , but this shortcut often within the meaning of prejudice , we will do our best in general , so that the subject is understandable and concise as well. Must at the outset to distinguish between two basic types of coins , the first real money , which is the money that I have a physical presence , and the actual value , such as the pound gold Premier Indian rupee silver and elsewhere , many of the gold and silver coins , which were common before World War I , and the whole currency or real money equal to or equivalent to the same value. The money discretion, or census , it is the money that I do not have a physical presence tangible , but is used as a unit of account , to be held accountable within the state Kganah , dollar , yen enlightened , euro- yuan , rupee , etc. , which is used as such coins as money estimated in its state -exporting , the U.S. dollar has in the United States , and the Canadian dollar is estimated criticism in Canada , in Australia, the Australian dollar , sterling Oganah in England or Britain .

 
Coins
Are the first types of money that appeared on the face of the earth , if we exclude goods and other assets , generally say that the coins appeared after the inability old goods ( wheat , barley , dates, tobacco , sheep , cattle , chicken , etc.) to meet the requirements of the people , in exchange and trade " barter ." You can imagine a man , owns ten tons of wheat, wants to travel , for example , will carry all of these commodity money with him , to be used as money to buy his requirements ? This is a simple example to explain why , and the urgent need for people at the time, to substitute for those of commodity money , and we'll come to mention it in detail , in our conversation about the origins of money , and history on this earth . We can say that the coins are those coins minted from metals such as gold, silver or bronze , and the money Mineral two forms , namely those coins full , which equalized the legal value with the value of metallic , the oldest of course , and the other form is coins help, newly emerged , and the superior legal value on the value of the metal, which it is stored , such as a piece of metal worth pounds for example , if I went to sell it to metal workshops , to be used as a metal does not give the owner of the workshop pounds , a price for it , but a lot less , and perhaps vice versa , as it was in Egypt before the military government in 1952 , where he was pounds of gold worth at least $ mineral for legal value , so that the pound gold was equivalent to 95 penny almost , not a hundred penny , but after the military coup in 1952 , fell Egyptian pound until it reached the closest point to zero , what is left for him except that fades completely , , the Egyptian pound lost during the sixty -year-old black about 97 % of its value , and became a pound of gold equivalent to 1890 pounds , will come later on said many similar threads in the evolution of currency , and the relationship of the economics behind them .
Paper money
Are legal tender , issued by the Central Bank of the State, and commits the state to persons and bodies acceptance , the trading value of these issued a timely manner , without having the right to convert them into gold or silver , they are just an instrument of the state of the current value when issued . We will discuss in detail the emergence of this kind of money , which is relatively recent , and it is what we see every day , and we use in our dealings such as the euro , pound, dollar and other currencies .
Banking money
Are those coins , issued by commercial banks , which is about money deposited in the accounts of customers in the bank , under which the Bank is committed to pay these amounts deposited with him , on demand or for specific , to depositors , but this money many pictures were fabricated , and we'll talk later in the most important the functions of the bank, in creating cash , falls within this framework also certificates of deposits , bonds , instruments , and many other different payment orders .
Plastic cards
Banks issue and many companies , this kind of money , whether it is pre-paid , meaning go the client to the bank or the company and the replacement of his money paper plastic ones , or card for the withdrawal of the balance , or those credit that provides financing for the client , within a certain limit Kashrh thousands , for example, or more or less , each according to its circumstances . The usefulness of this kind of money , is the portability system, registered holders of some of these cards , to buy its way and pulls through which other types of paper money from automated teller machines , wherever he or gone , and here I am reminded of the story is fantastic , recounted to me a friend banker was director of operations cards , in one of the banks , and while he sat continues his work one evening , reportedly to request payment of a plastic card , several million dollars for the treatment of point of sale in another state too far, and immediately stopped the process , and contact the cardholder , in order to clarify it up , told him pregnant card , that he is already using the card now , and that he was going to buy Palace , the resort's international tourism , and asked him to pass the process , passing my friend after we confirm the personal card holder, and it is from the process , and there is no suspicion of theft or fraud , see How facilitated plastic money , to buy this guy Palace millions of dollars ? , And Jnepth carry several million Banknotes with him , and travel to the ends of the earth , not to mention the safety of course , is a very important element as well , generally we'll talk in detail later , this type of plastic money , and its origins and its development to date , as well as Funny stories abound.
Electronic money
This kind of money , is the latest form of money , has appeared recently , after the proliferation of networks, the Internet , e-commerce , and the need for people to buy and sell via their digital devices , and therefore also called cash digital , which is about cash balances , were shipped in the accounts of the owners in Banks electronic , we'll come on to explain in detail later .
Some go further , to include money recorded on electronic media , and the purchase of magnetic cards , where he managed the money holder , replacing the diverse goods and services , on the Internet . Also recently appeared debit cards , charge cards and phones , and other some, annexed to this form of electronic money , where they rely on the digital method to take advantage of them , or exchanged service such as communication , for example. This is the team that expanded the types and descriptions of electronic money , to include even charge cards phones , is the same team that believes that money means replace the value of a certain , and this value is , in essence, the goal or purpose , Veron to check phone service in itself value might be obtained through the means of electronic money .
As for the other team , who does not see the annexation of recharge cards phones to electronic money , argue that what was done to phone recharge cards , not monetary units , but the units are telephone , can not be replaced by something else , such as money , as we see this opinion and merit , and the opinion of the former philosophy also, dear reader and you can choose what suits them . It should be noted here that this latter view , agree to a large extent with the definition , the European Central Bank for electronic money and the ( stock letter for monetary value , on the way technology , commonly used for payments to contractors is of the issued , without the need for a bank account at you make the deal , and used as a tool mounted prepayments .
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