Приклади вживання Media of exchange Англійська мовою та їх переклад на Українською
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One must not confuse secondary media of exchange with money-substitutes.
In the same way,banks and bankers are intent upon attracting demand for secondary media of exchange.
There exists a demand for media of exchange because people want to keep a store of them.
It would become necessary to begin again with employing some goods,more marketable than the rest, as media of exchange.
Claims employed as secondary media of exchange have, because of this employment, a broader market and a higher price.
Therefore interest-bearing claims against banks and bankers, which can be withdrawn at short notice,are the most popular secondary media of exchange.
Claims employed as secondary media of exchange have, because of this employment, a broader market and a higher price.
The outcome of this is that they yield lower interest than claims of the same kind whichare not fit to serve as secondary media of exchange.
All theorems of the catallactic theory of media of exchange and of money refer to the services which a good renders in its capacity as a medium of exchange. .
Political conditions of the last decades have given to bankbalances which can be used as secondary media of exchange an increased importance.
However tawdry their origins, the creation of new media of exchange- coinage appeared almost simultaneously in Greece, India, and China- appears to have had profound intellectual effects.
Even in the present century, two major commodities, gold and silver,have been used as international media of exchange, with gold becoming the predominant one.
History may tell us where and when for the first time media of exchange came into use and how, subsequently, the range of goods employed for this purpose was more and more restricted.
But if knowledge about money's purchasing power were to fade away,the process of developing indirect exchange and media of exchange would have to start anew.
Government bonds andtreasury bills which can be used as secondary media of exchange can be floated on conditions more favorable to the debtor than loans not suitable for this purpose.
The debtors concerned are therefore eager to organize the market for their certificates of indebtedness in such away as to make them attractive for those in search of secondary media of exchange.".
Government bonds andtreasury bills which can be used as secondary media of exchange can be floated on conditions more favorable to the debtor than loans not suitable for this purpose.
The statements of the theory of indirect exchange refer to all instances of indirect exchange andto all things which are employed as media of exchange.
The subject matter of the theory of indirect exchange is the study of the ratios of exchange between the media of exchange on the one hand and the goods and services of all orders on the other hand.
But where there is indirect exchange, all the general laws of the theory of indirect exchange are valid with regard to the acts of exchange and the media of exchange.
The media of exchange originating from this severe fiduciary inflation have been placed on the market by the banking system as newlycreated loans granted at very low(and even negative in real terms) interest rates.
Interpersonal exchange is called indirect exchange if, between the commodities and services the reciprocal exchange of which is the ultimate end of exchanging, one or several media of exchange are interposed.
But, as has been mentioned, the distinction between direct exchange and indirect exchange is sharp andeverything that catallactics establishes with regard to media of exchange refers categorially to all goods which are demanded and acquired as such media. .
As the differentiation between the broader notion of a medium of exchange and the narrower notion of money is not sharp, but gradual,no agreement can be reached about the historical transition from simple media of exchange to money.
My fundamental objection to the adequacy of the pure quantity theory of money is that, even with a single currency in circulation within a territory, there is, strictly speaking, no such thing as the quantity of money,and that any attempt to delimit certain groups of the media of exchange expressed in terms of a single unit as if they were homogeneous or perfect substitutes is misleading even for the usual situation.