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Chapter 2 Money and Monetary System
The Economics of Money and Banking Chapter 2 Money and Monetary System >>>Agenda ● ■ Money and the Payments System ■ Monetary System 2 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 2 GUO YING SEM TONGJI UNIVERSITY Money and the Payments System Monetary System Chapter 2 Money and Monetary System Agenda
The Economics of Money and Banking Chapter 2 Money and Monetary System 》》 What is Money? 1 ▣ How much money did you earn last week? When I go to the store,I always make sure that I have enough Money and the payment system money. ▣ Joe is rich,he has an awful lot of money. 3 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 3 GUO YING SEM TONGJI UNIVERSITY Money and the payment system 1 What is Money? How much money did you earn last week? When I go to the store, I always make sure that I have enough money. Joe is rich, he has an awful lot of money. Chapter 2 Money and Monetary System
The Economics of Money and Banking Chapter 2 Money and Monetary System 》》 What is Money 1 Definition Money Economists define money is anything that is generally accepted in payment for goods or services or in the repayment of debts. Money and the payment System Definition Wealth Wealth is the stock of money but also other assets such as bonds, common stock,art,land,furniture,cars,and houses,taken together Definition Income Income is the flow of money,interest rate and maturity payments per unit of time. 4 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 4 GUO YING SEM TONGJI UNIVERSITY Money and the payment System 1 What is Money Definition : Money Economists define money is anything that is generally accepted in payment for goods or services or in the repayment of debts. Definition : Wealth Wealth is the stock of money but also other assets such as bonds, common stock, art, land, furniture, cars, and houses, taken together Definition : Income Income is the flow of money, interest rate and maturity payments per unit of time. Chapter 2 Money and Monetary System
The Economics of Money and Banking Chapter 2 Money and Monetary System >>Monetary Thought:The Origin of Money 1 Ancient China Money and the The theory of invention:money was invented by the state or ancient sages. -----SHAN Qi (524 B.C.)and GUAN Zi (685 B.C.) The theory of exchange convenience:money is chosen collaboratively as a solution to problems that occurred in barter exchanges. ---- e payment System SI Magian(104 B.C.and LUO Mi(Song Dynasty) The theory of wealth preservation:money came into existence for the sake of preserving,measuring and exchanging wealth. The same theories also existed in western countries:Adam Smith etc. 5 GUO YING SEM TONGJI UNIVERSITY
The Economics of Money and Banking 5 GUO YING SEM TONGJI UNIVERSITY 1 Monetary Thought: The Origin of Money The theory of invention: money was invented by the state or ancient sages. ------ SHAN Qi (524 B.C.） and GUAN Zi (685 B.C.) Money and the payment System Ancient China The theory of exchange convenience: money is chosen collaboratively as a solution to problems that occurred in barter exchanges. ------ SI Maqian (104 B.C.） and LUO Mi (Song Dynasty) The theory of wealth preservation: money came into existence for the sake of preserving, measuring and exchanging wealth. The same theories also existed in western countries: Adam Smith etc. Chapter 2 Money and Monetary System