International Accounting and Finance Degree BAB235 Lecture Notes - Lecture 18: Global Exchange, Ecash, Barter
14 Apr 2018
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Document Summary
Chapter 18: money, the bank of canada and the. L01: explain what money is and what makes it useful. Economic growth + job creation are dependent upon the ready availablility of money. Five standards for a useful form of money include: portability, divisibility, stability, durability, uniqueness. E-cash or electronic cash is one of the newest forms of money. Falling dollar: amount of goods & services you can buy decreased. (cid:449)hat (cid:373)akes a (cid:272)urre(cid:374)(cid:272)y stro(cid:374)g or (cid:449)eak is the positio(cid:374) of the (cid:272)ou(cid:374)try"s economy against other economies. Amount of money the bank of canada makes available to people. The bank issued by the bank is the smallest portion of the supply of money circulation. Majority of the change comes from deposits from the public + interest rates. Money aggregates is known as the amount of money in circulation. Inflation might happen if people tried to buy more goods.
