My topic for ASL is Money. So i want a 2 minutes speech on the topic Money.
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here is your answer.......!!!!
Money has had several incarnations. These have varied over time and space. A study of the evolution of money, the related circumstances, the working of various monetary standards is fascinating. But we resist the temptation and restrict ourselves to the present. At present in India money consists of coins, paper currency, and deposit money.
Coins are an example of metallic money. They are not full- bodied, but only token money, because the intrinsic (metallic) value of token coins is less than their face value. Currency notes are merely pieces of paper that have no intrinsic value of their own. They are not convertible into anything of value at a fixed rate. The issuing authority does not stand ready to buy them back against gold or silver or full-bodied gold or silver coins of equal value at a pre-determined price.
Thus, all paper currency is inconvertible. The legend carried on the face of a Reserve Bank of India (RBI) currency note of (say) ten rupees that ‘I promise to pay the bearer the sum of ten rupees’ (signed by the Governor, the RBI) is a carry-over from the past when currency notes were convertible into full-bodied silver rupees. Now it simply means that notes can be converted into other notes or token coins of equal value.
Deposit money is not like coins-or currency notes that can be passed on from hand to hand for a transfer of purchasing power. Deposits are only entries in the ledgers of banks to the credit of their holders. We are treating only demand deposits of banks on which cheques can be drawn as money.
Money has had several incarnations. These have varied over time and space. A study of the evolution of money, the related circumstances, the working of various monetary standards is fascinating. But we resist the temptation and restrict ourselves to the present. At present in India money consists of coins, paper currency, and deposit money.
Coins are an example of metallic money. They are not full- bodied, but only token money, because the intrinsic (metallic) value of token coins is less than their face value. Currency notes are merely pieces of paper that have no intrinsic value of their own. They are not convertible into anything of value at a fixed rate. The issuing authority does not stand ready to buy them back against gold or silver or full-bodied gold or silver coins of equal value at a pre-determined price.
Thus, all paper currency is inconvertible. The legend carried on the face of a Reserve Bank of India (RBI) currency note of (say) ten rupees that ‘I promise to pay the bearer the sum of ten rupees’ (signed by the Governor, the RBI) is a carry-over from the past when currency notes were convertible into full-bodied silver rupees. Now it simply means that notes can be converted into other notes or token coins of equal value.
Deposit money is not like coins-or currency notes that can be passed on from hand to hand for a transfer of purchasing power. Deposits are only entries in the ledgers of banks to the credit of their holders. We are treating only demand deposits of banks on which cheques can be drawn as money.
Anushka2001:
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Money!!!
Money is the one which helps us saves us protects us and does all the rubbish.
Everyone thinks that money makes everyone rich.Money does'nt make people rich.The person who is happy is the richest one.Both good and bad can be done by money.
Money is the one which helps us saves us protects us and does all the rubbish.
Everyone thinks that money makes everyone rich.Money does'nt make people rich.The person who is happy is the richest one.Both good and bad can be done by money.
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Can u plzz help me out??
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