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That such money?

Despite an antiquity and ubiquity of money, their proper control and management of them escape the governments of the majority of the modern states, partly because officers ignore lessons of the past or have too narrow sight at money.

Economists, and especially monetarists, are inclined to overestimate purely economic and technical functions of money, and do an insufficient emphasis on wider social, institutional and technical aspects. In the ancient time money served generally as the psychological tool: a tribute, trade, religious practices. In modern circumstances money also yields a powerful psychological impulse: a social rank of the person or position of the country in economic.

What is money? At first sight, the answer to this question seems obvious. Any person in the street will agree to take coins and notes of the country. How about the check? Possibly, people less willingly will accept them. The bill? Only stable, well-known bank. Gold? Willingly, people keep often a part of the savings in gold, than in currencies subject to inflation. Appeal of gold, from the aesthetic point of view and its firmness to corrosion, are two properties which have led to its use for monetary operations throughout millenia. Ecash? Contrary to gold, the monetary form practically without material properties - ecash - starts to receive huge popularity. It is almost impossible to define money from the point of view of the physical form or property as they are so diverse. Therefore any definition should be based on its function.

Micro-economic functions:

  • 1. The Registration unit;
  • 2. The standard measure of value;
  • 3. The Average rate;
  • 4. The Instrument of payment;
  • 5. The standard for deferred payments.

Macro-economic functions:

  • 1. The Liquid asset;
  • 2. The price;
  • 3. The causal factor in economy;
  • 4. The economy controller.

From here, it is possible to draw a conclusion: Money it is all that is widely used for realisation of payments and the account of debts and credits.

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