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.”
“Men in Iron – A fierce warrior-class emerges in medieval Europe around 1000 years ago: the knights. They live brutal lives, glorified by tales of chivalry and courtly love that have left us with a skewed idea of knighthood. In reality, it’s a world of freezing castles and violent battles, where joust competitions, fair maidens and the crusades are the latest fads. Manners and gallantry are everything and their abuse can end in deadly duels. This elegant and exciting 3-part series evokes the time of the knights in a unique and intimate rollercoaster ride of individual lives set in the wider context of medieval Europe. Their stories are told in gripping reenactments, illustrated by stunning CGI and explored with engaging documentary sequences.”
“How Dutch Captain VanderDecken dares defy God and is doomed to roam the Seven Seas forever.. Whosoever encounters his ragged vessel is destined to share his fate.. The “Death Coast” of Southern Africa has claimed thousands of ships and countless lives: A ghost ship that makes the Southern Capes forever treacherously tempestuous..? A metaphor for the terrifying gales and hurricanes that roam the icy ocean around the Antarctic..? On the deep bond between a little nation and the seas; how an old seaman’s tale turned into a lasting symbol in western history and culture..”
“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.”
“Australia: First 4 Billion Years One of the strangest landscapes on Earth reveals our planet’s complex history.
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.”