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The real values of individual goods or commodities may rise or fall against each other, in relative terms, but a representative commodity bundle as a whole retains its real value as a constant from one period to the next. Real values can for example be expressed in constant 1992 dollars, with the price level fixed 100 at the base date.
Token money, or token, is a form of money that has a lesser intrinsic value compared to its face value. [1] [2] Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. [3] Token money costs less to produce than its face value. [3]
The online video game Second Life has its own economy and a virtual token referred to as Linden Dollars (L$). In the SL economy, users (called "residents") buy from and sell to one another directly, using the Linden , which is a closed-loop virtual token for use only within the Second Life platform.
Roblox has been criticized for making it easy for children to spend large sums of money through microtransactions, leading to numerous instances where children have spent large sums of money on the platform without parents' knowledge, [154] [155] and deleting the accounts of players who file chargebacks or request refunds for Robux payments ...
Economic cost is the combination of losses of any goods that have a value attached to them by any one individual. [1] [2] ...
This means explicit costs will always have a dollar value and involve a transfer of money, e.g. paying employees. [6] With this said, these particular costs can easily be identified under the expenses of a firm's income statement and balance sheet to represent all the cash outflows of a firm. [7] [6] Examples are as follows: [5] [8]
The won was subdivided into 100 jeon (Korean: 전; Hanja: 錢; MR: chŏn), itself a cognate of the East Asian unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it.