The Economics of Money and Financial Markets
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Money is a standard unit that functions as a recognized medium of exchange for transactional purposes. The main functions of money are unit of account, store of value and standard of deferred payment. Hence, any item or verifiable record that fulfills these functions can be considered money. Money market is a system of finance where short-term financial assets with a maturity up to one year are traded. A financial market is a place where people trade financial securities, derivatives, and instruments such as shares, debentures, bonds, commodities, and currencies. The topics included in this bo...
Money is a standard unit that functions as a recognized medium of exchange for transactional purposes. The main functions of money are unit of account, store of value and standard of deferred payment. Hence, any item or verifiable record that fulfills these functions can be considered money. Money market is a system of finance where short-term financial assets with a maturity up to one year are traded. A financial market is a place where people trade financial securities, derivatives, and instruments such as shares, debentures, bonds, commodities, and currencies. The topics included in this book on money and financial markets are of utmost significance and bound to provide incredible insights to readers. It is a valuable compilation of topics, ranging from the basic to the most complex advancements in this field. This book will provide comprehensive knowledge to the readers.
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