Search results
Results from the WOW.Com Content Network
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]
This is not the case for arbitrary coin systems or even some real world systems, though. For instance, if we consider the old (now withdrawn) Indian coin denominations of 5, 10, 20 and 25 paise, then to make 40 paise, the greedy algorithm would choose three coins (25, 10, 5) whereas the optimal solution is two coins (20, 20).
So, the "money form of value" is not the same as a "price", in the first instance because the money form of value refers to an indeterminate variety of N commodities that are all equivalents for a given quantity of money. If we want to know "the price of fish", we need specific information about the kind of fish which are currently on offer.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
GOBankingRates found 10 of the best ways to send money quickly and easily. There are several ways to send money in 2024, depending on where and how fast you plan on doing so. GOBankingRates found ...
In other words, we don't have to pay taxes on the money we contribute to these retirement accounts until we retire and withdraw the funds. Let's say you earn $50,000 a year and contribute $10,000 ...
The velocity of money provides another perspective on money demand.Given the nominal flow of transactions using money, if the interest rate on alternative financial assets is high, people will not want to hold much money relative to the quantity of their transactions—they try to exchange it fast for goods or other financial assets, and money is said to "burn a hole in their pocket" and ...
A money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. The definition was created to encompass more than just banks which normally provide these services to include non-bank financial institutions .