Theme: Money and its functions in today’s economy
1. History of money
2.2 Commodity money
2.3 Standardized coinage
2.4 Fiat and credit money
2. Money and its functions and characteristics
3.5 Money as a measure of value
3.6 Money as means of exchange
3.7 Money as a means of accumulation and a store of value 3.8 Money as a standard of payment
3. The role of money in modern economy
List of the used literature
The aim of this work is to analyze the role of money in the economy, as for better understanding the mechanisms of the market economy it is necessary to have a clear idea of the role of money in it. Money plays a huge role in the economy, this is an integral and Is this Essay helpful? Join OPPapers to read more and access more than 450,000 just like it!
get better grades essential part of every financial system. Money is a means of payment for goods and services, a means of measuring value, as well as a store of value. Generally, to investigate the origin of money, its functions and its role in the economy we need to explore the development of trade exchange, which is the emergence of a stage of development of human civilization. If it were not for money, the exchange will be impossible, so specialization (division of labor) will be. The whole structure of modern economies is predetermined by existence of money. Money appeared due to trade and as the trade is one of the oldest occupations of mankind, and then the ancient roots of monetary system also throw back to ancient times, though the structure of money greatly varies through centuries. The first chapter examines the emergence, main types of money and the stages of development. The second chapter is devoted to the main functions of money, which helps to reveal its essence. These five...