Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.
Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for “all debts, public and private”. Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.
The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.
Text source: Youtube video description
“In this video I feature a great channel RIGG’d Games by John Riggs. He shows you how you too can make your very own game for the Nintendo Entertainment System.”
“Ever wanted to quit your job and go travelling round the world? Well these 2 guys did just that – and they filmed it all!
Watch Karl & James’ backpacking documentary series as they travel through 20 countries in 4 continents over 9 months. Be entertained and inspired to start a trip of your own! Subscribe to check out the series and loads more adventure videos!http://www.youtube.com/subscription_c…
Episode 9 of Karl & James’ backpacking documentary series as they travel through Peru.
Travelling with G Adventures on their Amazon to the Andes tour, the first part of their Peruvian Adventure sees them walking the Inca Trail through the Andes to the world famous Machu Picchu.
Following this they head deep in to the Amazon Jungle encountering all kinds of wildlife along the way.
They filmed the entire journey with just one camera, a Sony Handycam HDR-XR160E.”
“Tyrannosaurus / (“tyrant lizard”, from the Ancient Greek tyrannos (τύραννος), “tyrant”, and sauros (σαῦρος), “lizard” is a genus of coelurosaurian theropod dinosaur. The species Tyrannosaurus rex (rex meaning “king” in Latin), commonly abbreviated to T. rex, is one of the most well-represented of the large theropods. Tyrannosaurus lived throughout what is now western North America, on what was then an island continent known as Laramidia. Tyrannosaurus had a much wider range than other tyrannosaurids. Fossils are found in a variety of rock formations dating to the Maastrichtian age of the upper Cretaceous Period, 68 to 66 million years ago. It was the last known member of the tyrannosaurids, and among the last non-avian dinosaurs to exist before the Cretaceous–Paleogene extinction event.”
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Of all the continents on Earth, none preserves a more spectacular story of our planet’s origins than Australia. NOVA’s four-part “Australia’s First 4 Billion Years” takes viewers on a rollicking adventure from the birth of the Earth to the emergence of the world we know today. With help from host and scientist Richard Smith, we meet titanic dinosaurs and giant kangaroos, sea monsters and prehistoric crustaceans, disappearing mountains and deadly asteroids. Epic in scope, intimate in nature, this is the untold story of the land “down under,” the one island continent that has got it all. Join NOVA on the ultimate Outback road trip, an exploration of the history of the planet as seen through the window of the Australian continent.”
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