What is money?
Money densely entered the life of man. We regularly use them and do not even think about what the concept of money means, what functions they perform.
Money can be regarded as one of thevarieties of goods. They are used to exchange any other goods or services for them, i. E. are for them a kind of equivalent to value. Money allows you to compare the exchange of the most diverse products.
What is money: the function of money
Economists currently distinguish the following functions of money:
- Measure the value of goods - all goods or services can be exchanged among themselves, taking into account their price, which is expressed in monetary terms.
- The means of circulation of goods - money can beeasy exchange for any product or service. At the same time, money eliminates the spatial and temporal limitations that can arise in the exchange. For example, a manufacturer can sell his goods after some time after production and not at the place where he produced it.
- Means of payment - with the help of money we pay for various goods, services, take goods on credit and then pay them.
- Means of accumulation - this function is also called the function of accumulation of treasures.
Economy: what is money
In terms of economy, money can beregarded as one of the accelerators of the economic progress of modern society. In a market economy, money provides a huge saving of resources associated with the conduct of commodity exchange transactions. With the help of money, participants in barter transactions can easily compare the cost of individual goods and services.
The development of the world economy, including the provision of services to foreign partners, international loans and foreign trade relations has caused the appearance of international money.
What is the issue of money
Monetary emission is an increasewhich is in the circulation of the money supply through the issuance of new money. It can be non-cash and cash. The issue of cash in the territory of the Russian Federation can be carried out only by the Central Bank. Non-cash money can be issued in circulation and by private companies. This happens at the time of registration of loans.
What is electronic money
Electronic money is moneyobligations of the issuer (organization issuing securities, payment cards or other means of payment for financing and development of its activities) having an electronic form and available to the user on electronic media. Electronic money can be used as a means of payment and accepted for payment not only by the issuer, but also by other organizations.
What is Yandex - money
Yandex - money is one of the systemselectronic money. This system appeared relatively recently, but quickly gained popularity. With the help of Yandex money system participants can almost instantly, and most importantly privately, make payments on the Internet.
Yandex money is a whole systemelectronic wallets, which are connected through a central server. Each owner of an electronic wallet can send or receive electronic money (digital cash), convert them, and also withdraw from this system.
The main advantage of the Yandex-money payment system is its highest level of security, which is provided by an electronic digital signature and the use of the RSA algorithm.
Any natural or legal person can connect to the Yandex-Money system.
In 2001, with the help of the Yandex money system, it became possible to make payments to Russia from Latvia, Ukraine and the United States. Since then, this electronic payment system has become international.
