Dissolving Dollars$$

Dissolving Dollars$$ - Click to edit Master subtitle style...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Click to edit Master subtitle style 3/21/10 Dissolving Dollars by: Alex Marchand By: Davin Patel 3/21/10 Introduction  This chapter in an introduction which talks about the monetary system how it became what it is today, and how the money supply is composed of debt then comes interest. It also states how the economy and money supply would need to grow faster to meet the needs of the debt and interest, but if it did not then the economy would be destroyed leading to a recession. 3/21/10 Chapter 1 what is money  Money anything that is generally accepted for the payment of goods and services and repayment of debt  Commodity Money- money that can be used for trade, but has its own intrinsic value as a commodity 3/21/10 Chp 1 Contd  Credit Money- basically an IOU, or promissory note. Credit money is based on future payment. Element of risk because payment may not be paid....
View Full Document

This note was uploaded on 03/21/2010 for the course BUSA 1234 taught by Professor All during the Fall '09 term at UT Arlington.

Page1 / 15

Dissolving Dollars$$ - Click to edit Master subtitle style...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online