What you meant by monetary function in financial system, Finance Basics

What you meant by monetary function in financial system?

A significant function of a financial system is the monetary function. The introduction about money in the economy enables savers and spenders to divide the act of sale by the act of purchase and permits them to overcome the chief problem of barter, that is the ‘double coincidence of wants’ (each of the two parties included in a transaction has to want concurrently the good the other party is giving to exchange). The financial system gives a variety of payment mechanisms for example, cheques, credit cards and debit cards to make possible one party to pay another.

Posted Date: 9/3/2013 7:54:47 AM | Location : United States







Related Discussions:- What you meant by monetary function in financial system, Assignment Help, Ask Question on What you meant by monetary function in financial system, Get Answer, Expert's Help, What you meant by monetary function in financial system Discussions

Write discussion on What you meant by monetary function in financial system
Your posts are moderated
Related Questions
Present Value of an Annuity - DCF Technique An individual investor may not necessarily acquire a lump sum after several years however rather obtain a constant periodic amount


why prospective buyers need to see accounting information

i have the information given but i am having trouble getting the income statement done correctly

the nominal fee interest rate in your account is 7% your semi-annually rate of interest APY will be?

Three of these companies have bonds that carry investment - grade ratings. The other 3 companies carry junk - bond ratings. Judging by the information in the table, which 3 compani

There are four different commonly used financial hedging techniques and some operational hedging techniques that firms use to manage currency risk. Drawing on literature, critical

Pick a product of your choice and identify the stages of production

Comments : The approved budget for 1997, reduced government spending in housing and urban development, health and human service, and education. Ignoring any other modifications, ho

Rights of Ordinary Shareholders A. Right to vote Choose BOD Purchase/Sales of assets B. Influence decisions as: Right to residual ass