WHAT IS MONEY?

Содержание

1. WHAT IS MONEY?
2. Money is so much a part of
3. Before money, people could not buy
4. In Europe banknotes were first issued by
5. In 1950, the first credit card was
6. Today, most shops, hotels and restaurants in
7. What will happen in future? A current
8. Thank you for your attention
9. Скачать презентанцию

Money is so much a part of our daily lives that we do not often consider what it is. It is a product of the human imagination, and as a human

Слайды и текст этой презентации

Слайд 1Student Snejana Semenets
Group Ez-22c
Sumy State University
WHAT IS MONEY?

Слайд 2Money is so much a part of our daily lives

that we do not often consider what it is. It

is a product of the human imagination, and as a human invention it totally depends on trust. In classic economic theory, money has three basic functions: it is a means of payment, a unit for measuring buying power, and a record of wealth for future spending.

Money is so much a part of our daily lives that we do not often consider what

Слайд 3 Before money, people could not buy and sell. There

was trade; but it had to be two-way trade: people

exchanged goods. At different periods of time and in different parts of the world many different commodities have served as money. They were: cattle, sheep, furs, leather, fish, tobacco, tea, salt, alcohol, shells, stones, etc.

To serve effectively as money, a commodity should be fairly durable, easily divisible, and portable. None of the above-mentioned commodities had all these qualities, and with time they were replaced by precious metals.

Before money, people could not buy and sell. There was trade; but it had to be

Слайд 4In Europe banknotes were first issued by Stockholm Bank in1661.

By the beginning of the 20th century almost all countries

had adopted the gold standard. After World War II, at the Bretton Woods Conference, most countries adopted currencies fixed to the US dollar.

In Europe banknotes were first issued by Stockholm Bank in1661. By the beginning of the 20th century

Слайд 5In 1950, the first credit card was made. It was

the Diners Club card, and it could only be used

in 200 restaurants in New York

In 1950, the first credit card was made. It was the Diners Club card, and it could

Слайд 6Today, most shops, hotels and restaurants in the world take

credit cards, so people do not have to carry money

with them when they travel. They also use electronic money

Today, most shops, hotels and restaurants in the world take credit cards, so people do not have

Слайд 7What will happen in future? A current trend is the

disappearance of different currencies. Another trend sees coins and banknotes

becoming unnecessary; we increasingly carry and transfer our wealth with credit cards, smart cards or mobile phones. These tools allow us to make transactions without the use of cash