Commodity money

thing, Livestock was the first form of currency. Around 3000 bc the shekel came up, Shekel is grain used as currency in Mesopotamia, using shekel as a measurement of weight it later evolved to silver, bronze, and copper. The first real modern form of money was first introduced around 1000 bc-600 bc by the Lydians in west Asia minor by making coins out of metal, gold, and silver in exchange of goods and services called crude metal coins. Then around 700 bc precious metal coins were created in…

there will be a reduction in the incentive to save. The effects of this action will affect both the consumer and the producer as follows: The Consumer: Lowering interest rates chips at the incentive to save thus the consumer will prefer to hold his money for transaction purposes. Reduced savings, therefore, leads to an increase in the demand for goods and services, subsequently leading to an increase…

This part presents the theories and conceptual issues as well as the empirical reviews that drive the study. With respect to the theories, cultural theory of poverty, the entitlement theory and human capital theory form the theoretical framework of the study; thus, laying the foundation for this research. The combination of these theories was necessary because each one of them alone is insufficient in explaining beneficiaries’ utilisation of social cash transfers. They, therefore, complemented…

When importing the money would delate making their exports more viable in a global market, and the opposite happen with exporters, when exporting the currency inflated leading them to become less competitive than before. This self regulation of international trade allowed…

governments would take responsibility of repaying back all loans, which can be either private or public so Wester banks can become whole again. The second condition was that they increase their income from commodity exports and reduce their spending on imported goods so they would have enough money to repay back their loans. The third condition was that the government raise taxes and cut back on social spending so they would have enough to pay back their debt. The fourth condition makes the…

and broke until they had access to a bank to exchange their Zimbabwe dollars into whichever currency they required. However, an unpredicted consequence of this was the mass outflow of every currency since Zimbabweans could not buy the necessary commodities and goods in a domestic market and had to instead turn to the international market to acquire those specific goods. Furthermore, when the multi-currency regime was adopted with all foreign currencies, the Zimbabwe government gave up its…

In our electoral system money certainly talks, but the question is how much and in what way. In Dark Money, the author makes the argument that benefactors like the Koch brothers are using their money to more or less buy influence in the system by building a political network. In End of Discussion Ham and Benson also point to a similar network among liberals that also attempted to do the same. For many people they track the influence of this Dark Money to the decision in Citizens United. While…

be paid on time. There is less fraud protection with debit cards opposed to credit cards which promote reimbursement. When using a debit card to purchase items or depositing a check into an account, there could be a hold on the money in the account. Having a hold on the money makes it harder to manage expenses. This leaves but two more realistic and in the light of the above, better choices, cash or credit. Whereas people like to use cash, others prefer to use…

when I was about eight years old and traveled to India a beggar asked me for money, which I had a lot of with me because I was eight and just carrying money around even though I was not going to spend it made me feel “cool.” I thought to myself why I should give him money and then came to conclusion that…

nothing. All these athletes play for the organization known as the National Collegiate Athletic Association or the NCAA for short. The NCAA is a multi-billion dollar business. They accumulate all this money through college student athletes. However these student athletes get a 0% share, in all the money they earned for the company. They can earn nothing because the NCAA has actually set regulations for it to be…