Here is a term paper on ‘High Powered Money’ especially written for school and banking students. Term Paper # 1. High Powered Money: High powered money or powerful money refers to that currency that has been issued by the Government and Reserve Bank of India. Some portion of this currency is kept along with the public while rest is kept [...]
In this essay we will discuss about:- 1. Origin of Money 2. Elements usually included in the Supply of Money 3. Attributes. Essay on the Origin of Money: The origin of money, it has been said, lies in the inconveniences of the barter system. In primitive barter system goods were exchanged for goods and were not sold for money. Mutual [...]
Essay on Money: Evolution, Types and Qualities! Evolution (Development) of Money: The introduction of money as a medium of medium of exchange was one of the greatest inventions of mankind. Before money was invented, exchange took place by barter, that is, commodities and services were directly exchanged for commodities and services. Under the barter system buyers and sellers of commodities [...]