Difference between stock of money and money supply
In ordinary language, money supply means the amount of total legal tender money in a country at a point of time. Actually speaking money supply is nothing but stock of money.
In ordinary language, money supply means the amount of total legal tender money in a country at a point of time. Actually speaking money supply is nothing but stock of money.
Paul Einzig has classified functions of money into two broad categories, namely static and dynamic functions of money.
Money is the most important and essential tool of modern economic life. One cannot imagine modern economic life without money. Barter economies or self-sufficient economies are the thing of past and historical significance. Money is the foundation stone of modern economic life.
Generally, economists have defined four types of functions of money which are as follows: (i) Medium of exchange (ii) Measurement of value; (iii) Standard of deferred payments (iv) Store of value.
Broadly speaking, writers can be divided into two classes—namely, those who look upon writing as a pure art and those who regard it as a means for well-being or reform.
It is a well-recognized fact that there exists in India a parallel economy based entirely on black money transactions. Black money, also described as tainted money, has seeped into every walk of life and is posing a great threat to the stability of our real economy.
No doubt, Money is an essential, almost indispensable article in the present day world. It is the’ money’ through which we can purchase all the necessary comforts and amenities of life.
Quantity Theory of Money by Fisher proceeds with the idea that price level is determined by the demand for and supply of money. It is based upon the following assumptions.
Some of the main differences difference between Ordinary Bills and Money Bills are Articles 107 and 108 deal with ordinary bills whereas Articles 109 and 110 deal with Money Bills.
A well-developed money market is a necessary pre-condition for the effective implementation of monetary policy. The central bank controls and regulates the money supply in the country through the money market.