Category: Money

Table of Contents Introduction History of Money Functions of Money Types of Money Conclusion Introduction Money is any commodity or token that serves as a medium of exchange that is legally and socially acknowledged in payment for services and goods and in the disbursement of debts. Money serves as a store of value and as…

Since time immemorial, art has been the primary means of aesthetic expression and the indicator of the cultural development of society. While the cultural value of many artworks exceeds material dimensions, it is hard to imagine how the masterpieces would be preserved without being involved in commodity-money relations. Fine arts have not only for centuries…

There are three phases in the strategic planning of any organization. These are programming, budgeting, and controlling processes, which together make a formal management control system (Vraciu, 1979, p. 126). This paper aims to discuss how a medical organization may use the concepts of the time value of money and useful life to organize the…

Time Value of Money Time value of money (TVM) is a financial concept, which implies that money available to an individual or a company at the present time is much more valuable. The same amount of money is worth more in the present than it will be worth in the future because of the potential…

Time Value of Money Time value of money (TVM) is a financial concept, which implies that money available to an individual or a company at the present time is much more valuable. The same amount of money is worth more in the present than it will be worth in the future because of the potential…

Table of Contents Introduction Main body Conclusion References Introduction To choose between two equally appealing options, it is essential to determine the principles on which this choice will be based. Managing grant money is a task that requires immense responsibility and a clear understanding of ones mission  it may even seem that distributing the…

There has been increased trading between countries since the countries produce different goods and services. The trading has been a result of the different countries desiring to acquire goods and services that they do not have so as to satisfy their needs and wants that are essential for their well-being. The trading therefore can be…

There has been increased trading between countries since the countries produce different goods and services. The trading has been a result of the different countries desiring to acquire goods and services that they do not have so as to satisfy their needs and wants that are essential for their well-being. The trading therefore can be…

Summary of the Source The colonization and Nazi activities during the Second World War may seem separate events that took unique courses. However, Burden argues that it is possible to draw a parallel between the two. It is easy to identify commonalities in these events. When the British and German powers moved to Africa and…

In this article, Enam Ahmed explains why central banks should use the Divisia approach to measure the effectiveness of the monetary policies. He argues that while the concept was developed almost a century ago, it remains a viable alternative to the tools used in modern economics. The idea to employ money supply growth as an…