Money was historically an
emergent market phenomenon that possessed intrinsic value as a
commodity; nearly all contemporary money systems are based on unbacked
fiat money without
use value. Its value is consequently derived by social convention, having been declared by a
government or regulatory entity 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", in the case of the
United States dollar.
The time value of money is the widely accepted
conjecture that there is greater benefit to receiving a sum of
money now rather than an identical sum later. It may be seen as an implication of the later-developed concept of
time preference.
The time value of money refers to the observation that it is better to receive money sooner that later. Money you have today can be invested to earn a positive rate of return, producing more money tomorrow. Therefore, a dollar today is worth more than a dollar in the future. (Full article...)
Issuance of bank notes ৳10 and larger is controlled by
Bangladesh Bank, while the ৳2 and ৳5 banknotes are the responsibility of the
ministry of finance of the
government of Bangladesh. The banknotes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "৳" and "Tk", used on receipts while purchasing goods and services. It is divided into 100
poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes (e.g., Tk 123,456.78 for 123,456 taka and 78 poysha). (Full article...)
... that the manager of WVSS at the
University of Wisconsin–Stout spent about $6,000 of his own money to buy more than 500 classical music CDs to program the station?
... that in the span of three days, a Florida man was approved by bankruptcy courts to buy TV stations in Roanoke and Lynchburg, Virginia, and then arrested on charges of laundering millions in drug money?
Image 17Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 18Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from Tibetan tangka)
Image 19Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka)
Image 20A person counts a bundle of different
Swedish banknotes. (from Money)
Image 21Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 22Athens coin (c. 500/490-485 BC) discovered in
Pushkalavati. This coin is the earliest known example of its type to be found so far east. (from Punch-marked coins)
Image 26A 640 BC one-third
staterelectrum coin from
Lydia. According to
Herodotus, the
Lydians were the first people to introduce the use of
gold and
silver coins. It is thought by modern scholars that these first stamped
coins were minted around 650 to 600 BC. (from Money)