Benjamin Shore
types of money
Home
Three Tasks of Financial System
Four Types of Financial Assets
Three Types of Financial Intermediaries
Stocks and Bonds
Definitions of Money
Three Roles of Money
Types of Money
Measurements of Money: M1 and M2
The History of the Dollar
Stucture of the Federal Reserve
Tools of the Fed
1. Commodity Money
2. Fiat Money
3. Fiduciary Money
4. Commercial Bank Money
Commodity Money is the simplest type of money which is used in bartering where goods are often exchanged for money.
Fiat Money is the kind of currency that has no real value yet can not be converted into a valuable resource.
Fiduciary Money is when any bank assures the customers to pay in different types of money and when the customer can sell the promise to somebody else.
Commercial Bank money or demand deposits are claims against financials institutions that can be used for the purchase of goods and service.
Home
Three Tasks of Financial System
Four Types of Financial Assets
Three Types of Financial Intermediaries
Stocks and Bonds
Definitions of Money
Three Roles of Money
Types of Money
Measurements of Money: M1 and M2
The History of the Dollar
Stucture of the Federal Reserve
Tools of the Fed