MONEY-MEDIUM OF EXCHANGE
In past, decade’s people use to exchange goods with each other. If one need any product than he has to give or pay the thing again that product to the sailor. Many people found difficulty in that.
There is unknown saying that, “Money is better than the barter.” It is very easy to buy any product on the cash. In another word it is very easy to pay money against any product if you want to buy any product just one thing you have to do is to pay equivalent money against that product.
Now days, the paper notes, coins, bank cheques, debit cards, credit cards, ATM’s card, notes and bills are used as the money. The coins that we use in our daily routine of buying and selling are made of quantity of specific material equivalent to that amount of money. Internationally coins and paper notes and sometimes debit card and credit card are used as money. Coins, paper money and plastic money are three main types of money. Plastic money includes debit card and credit card and etc.
The Term Paper on 3g Data Cards-Product Survey
Introduction of 3G in India International Mobile Telecommunications-2000 (IMT-2000), better known as 3G or 3rd Generation, is a family of standards for mobile telecommunications fulfilling specifications by the International Telecommunication Union, which includes UMTS, and CDMA2000 as well as the non-mobile wireless standards DECT and WiMAX. Compared to 2G and 2.5G services, 3G allows ...
The barter system was much famous from 9000 – 6000 BC. Lates on when people found difficulty with barter, in china at about 1200 BC, at the end of the stone age, mock cowry shallow become money and they mere the newly form of coins. For instance, in china tools like knives and spades, were also used a money.in 500 BC, in Lydia or turkey, silver coins were first found. Imprinted gods and emperors on the silver coins show the value of coin. Later these coins were further improved by the Greek, Persians Macedonians and roman empires. The Chinese coins were relied on the base metal, but the roman, Greece, Persian, Macedonians coins were composed from scarce metals such as bronze, gold and silver. In 118BC, in china the bank notes of leather were used. Vivid color edged, white deer skins one-foot peace was used for a bank –note. Most of the people think that this is the starting of paper money.
The actual paper currency was used in china from 9th century to 15th century AD.in 1455 the paper currency was vanished from China, Europe also had no concept of paper currency. In 1500, North American Indians (red Indians) was engaged in potlatches. A team that describes the exchange of gifts at banquets, dance and various rituals. In 1535, approximately, North American Indians were using white calm shells and beads, called wampum as money. In 1816, England made gold and benchmark of value. This meant that the value of currency was pegged to a certain numbers of ounces of gold. This would help to prevent the inflation of currency. The United State of America went of gold standards of in 1990.
Now days, many countries are still using the gold standards anyhow, most of the countries are using paper currency and metal coins. As the world is moving towards the advancement due to information and technology, the money is also changing. Today, many people are using plastic money like, credit cards and debit cards and other bank cards for the exchange of money against goods.
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