MGTA02H3 Chapter Notes - Chapter 8: Financial Intermediary, Life Insurance, Digital Currency

54 views3 pages
31 Oct 2010
School
Course
Professor
ghaniamerabia and 36879 others unlocked
MGTA02H3 Full Course Notes
1
MGTA02H3 Full Course Notes
Verified Note
1 document

Document Summary

Value of money can uctuate & can have big effect on country and ppl. Money: any object generally accepted by ppl as payment for goods & services. (has to have portability, divisibility, durability, stability) Medium of exchange; we use money to buy and sell things. Store of value; money can be used for future purchases. Unit of account; lets us measure the relative values of goods and services. Credit cards are money substitute; they serve as a temporary medium of xchange but are not a store of value. They"re convenient and extremely pro table (from annual fees/interest and fees from merchants that accept credit card) Many forms of money depend on existence of nancial institutions to provide services to business and individuals. There are a variety of nancial intermediaries in canada, vary in size, importance and types of sources they appeal to.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents