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Money

monetaryspeciecash
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital.
The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

Monetary economics

monetary theorymonetary economymonetary
Monetary economics is the branch of economics which analyses the functions of money.
It provides a framework for analyzing money and considers its functions, such as medium of exchange, store of value and unit of account.

Precious metal

precious metalsbullionprecious
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital. Precious metals – ownership in gold, silver, platinum, and palladium
The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value.

Medium of exchange

mediums of exchangeexchange mediumfreely exchangeable for goods
The other functions are the medium of exchange, which is used as an intermediary to avoid the inconveniences of the coincidence of wants, and the unit of account, which allows the value of various goods, services, assets and liabilities to be rendered in multiples of the same unit.
This relates to another function of money, the store of value.

Financial capital

capitalfinance capitalfinancial
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital.
store of value.

Demand for money

money demanddemanddemand for transactions money
Cambridge claims that the demand for money is derived from its ability to store value.
Money in the sense of M1 is dominated as a store of value (even a temporary one) by interest-bearing assets.

Cambridge equation

Cambridge cash-balance theory
According to the Cambridge cash-balance theory, which is represented by the Cambridge equation, money's ability to store value is more important than its function as a medium of exchange.
The theories also differ in explaining the movement of money: In the classical version, associated with Irving Fisher, money moves at a fixed rate and serves only as a medium of exchange while in the Cambridge approach money acts as a store of value and its movement depends on the desirability of holding cash.

Silver as an investment

silverprice of silverSilver bars
Precious metals – ownership in gold, silver, platinum, and palladium
It has been regarded as a form of money and store of value for more than 4,000 years, although it has lost its role as a legal tender in all developed countries since the end of the silver standard.

Unit of account

money of accountunits of accountaccounting currency
The other functions are the medium of exchange, which is used as an intermediary to avoid the inconveniences of the coincidence of wants, and the unit of account, which allows the value of various goods, services, assets and liabilities to be rendered in multiples of the same unit.
Store of value

Value (economics)

valueeconomic valuemonetary value
While these items may be inconvenient to trade daily or store, and may vary in value quite significantly, they rarely lose all value.
Store of value

Devaluation

devalueddevaluecurrency devaluation
In principle, this could be true of any industrial commodity, but gold and precious metals are generally favored, because of their demand and rarity in nature, which reduces the risk of devaluation associated with increased production and supply.
Store of value

Asset

assetstotal assetstangible asset
A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.

Purchasing power

buying powerby the ability to paycurrent purchasing power
More generally, a store of value is anything that retains purchasing power into the future.

Currency

currenciesforeign currencycoinage
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital.

Commodity

commoditiescommodity goodcommodity prices
The most common store of value in modern times has been money, currency, or a commodity like a precious metal or financial capital.

Risk management

risk analysisriskrisk communication
The point of any store of value is risk management due to a stable demand for the underlying asset.

Market liquidity

liquidityliquidilliquid
Money is one of the best stores of value because of its liquidity, that is, it can easily be exchanged for other goods and services.

Wealth

savingsaffluentwealthy
An individual's wealth is the total of all stores of value including both monetary and nonmonetary assets.

Coincidence of wants

double coincidence of wantsDouble Coincidence of Wants Problem
The other functions are the medium of exchange, which is used as an intermediary to avoid the inconveniences of the coincidence of wants, and the unit of account, which allows the value of various goods, services, assets and liabilities to be rendered in multiples of the same unit.

Hoarding (economics)

hoardinghoardedstoring grain
Because of its function as a store of value, large quantities of money are hoarded.

Price

pricesretail priceoverpriced
Money's usefulness as a store of value declines if there are significant changes in the general level of prices.

Inflation

inflation rateprice inflationfood inflation
Workers who are paid in a currency which is experiencing high-inflation will prefer to spend their income quickly instead of saving it.

Saving

savingssavesavings rate
Workers who are paid in a currency which is experiencing high-inflation will prefer to spend their income quickly instead of saving it.

Currency substitution

dollarizationdollarizeddollarisation
This causes people to use currencies from other countries as a substitute.

Irving Fisher

FisherFisher, IrvingFisher, I.
This is contrary to Fisher economists' belief that demand arises because money is needed for exchange.