Monday, July 2, 2012

I. Monetary

What is money? 
Money is any object or record that is generally accepted as payment for goods and service and repayment of debts in a given socio-economic context or country.
The origin and history of money?
Capitalist
Division of labor appears
Demand for commodity exchange
Industry development
Form of monetary?
Based on values: the actual cash value and sign
- Real money: flow through the intrinsic value
- Sign values: flow through the trust, social conventions
Based on the physical cash currency and pen
- Cash: Money matterPens Currency: immaterial, cash book
Liquidity of assets?
Costs in terms of time, finance to convert goods into cash