Store of value

The prisoners do not have metallic currency or paper currency in the camp, but they still need a thing as the medium of exchange. As Radford mentioned in the article that “although cigarettes as currency exhibited certain peculiarities, they performed all the function of a metallic currency as a unit of account as a measure of value and as a store of value, and shared most its characteristics”. In a limited resource environment, the cigarette seems like the best choice, because it is convenient to keep as well as carry, and most of the prisoners convinced its value. Therefore, the cigarette became a medium of exchange as money. The permanent camp has a mature exchange system due to its more stable than transit camp, the cigarette currency works better. However, the transit camp has higher population mobility and more informed, its exchange system is not stable like the permanent camp. The market is highly respond to the demand, every information may causes volatility. Hence, the cigarette did function well as money in the permanent camp better in the transit…

Did you ever think about inflation? Inflation is a continuous increase in the price of goods and services. It means people use the same unit of currency but buy fewer goods and services. In the other word, inflation reduces the purchasing power per unit of currency. Currency is the medium of exchange, including banknotes and coins. People use currency to buy goods and services. We can say, in almost all situations, the value of the currency as the medium of exchange is more than the value of the…

I asked several people the question “what is money?” and the responses I got were all very different. Several people gave the obligatory “cash” answer I was expecting, but some answers were more insightful than others. My waiter at a local restaurant, Michael Sovik, eloquently answered, “Money is paper currency with value backed by the U.S. government”. He then went on to say that he didn’t really understand how we are able to do that, and when asked about the derivative market he stated he had…

Have you ever wondered why a dollar or even a coin has any value at all? It’s just a piece of paper or metal and just as easily seashells or beads could have been given value for trade, right? Well what’s stopping other physical objects, or in this case pieces of code, from having value? Virtual currency or “cryptocurrency”, so called because it is a currency that uses a form of cryptography, is a type of currency that exists solely online. One of the most successful cryptocurrencies to emerge…

Kelsey selected an article written by Susan Scott titled Fierce Conversations. This bold title jumped at me as fierce is such a powerful word. Excited to read the article, I was anticipating reading about how passionate conversation or debates correspond to interpersonal communications. Scott wrote this article to demonstrate the importance of having fierce conversations in all aspects of a person’s life and the repercussions of not having them. Scott states that “fierce” means intense, strong,…

In many strong and detailed writing pieces there is a sentry: someone or something that is protecting a person, thing, or idea. With every sentry there is also the valuable that they are protecting and the danger that causes them to protect it. Sentries are very important because they protect the things that are precious to us. Whether it’s a vault safeguarding jewelry and money or a police officer around our community, it still serves as protection. When most people hear the word valuable…

However, he isn’t your typical villain, he often seems to be out of control and oblivious, or at least in denial, about what it is he's doing. His objective in life, which controls his actions even when he doesn't know it, is to damage and destroy the men of the mind. He seeks destruction of the good, and this characteristic controls all parts of his life. He lies to himself continuously, trying to persuade himself that he seeks to achieve wealth, to defend the interests of his railroad, to help…

What do you think treasure is about? Is it from the heart or what’s given? Let me start by saying this assignment is about the story the “Treasure of Lemon Brown.” Now in the story it introduces us to Lemon Brown & his treasure which was newspaper clippings and a harmonica & how these thugs entered the abandoned apartment and wanted to take his treasure away from him because they thought it was money, they never expected it to be newspaper clippings and a harmonica. So, my thesis is that…

together to create an orderly community. The creation of which would not be possible if the basic things that humans need are not satisfied. Money helps create stability by setting a certain value on all the commodities we might need in our lives. Since we are no longer worrying about obtaining these necessities, which are readily available to us, we can begin to focus on the more important things in life. While money creates tension through its significance in culture,…

The first use of money was processed in 700 B.C. The Lydians were the very first culture to value a specific material and call it a “coin.” Soon after the Lydians invented what we know as money, other cultures around the world began to mint their own coins with certain values. The whole world eventually heard about this new creation. It was easier to trade goods, get items, and it brought people into thought of making businesses. According to the Dictionary, money is “the assets, property, and…