what would this world be without money and power?

Question by Legant: what would this world be without money and power?
wouldn’t we all be happy? and if u could only trade a little things instead of give paper to “buy” things? i wonder how it would be without those paper money….or wutever it is made of.

Best answer:

Answer by wEnNythat will happen i Heaven..

world is world, without power and money, we’ll DIE

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How could the world be in recession if all they got to do is print out more money?

Question by stella: How could the world be in recession if all they got to do is print out more money?
How could the world be in recession if all they got to do is print out more money, a news reporter said the economy is running out of money, i swear money is printed on paper….I have a solution just cut more tress down and print more money n then we be ballin like a mother beeeep.

Best answer:

Answer by OckinIf you print more money then there will be more money out there therefore it will have a lower value. Just because more money is printed would not increase the wealth of the economy.

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What is Seigniorage in Finance

What is Seigniorage in Finance

Seigniorage is the direct financial benefit arising in the issuance of currency. And when it is obtained from notes it becomes more indirect, on account of the variation between interest realized on securities acquired, as a result of an interchange involving bank notes.

In the case of bank money, it is only the second-tier banks (commercial banks) that possess the privilege of issuing currency in the form of credits, thus enjoy the financial  benefits of seigniorage. It is equal to the difference between the cost of managing checking accounts and interest rate of refinancing with the central bank.

Seigniorage is viewed as a variant of inflation tax, because paying for government services using new currency (as opposed to gathering taxes from the available money stock), tends to produce a de facto tax effect which befalls those holding the current currency, due to its devaluation as a result of the injection of additional money.

In the beginning, seigniorage was the capital gain realized during the transformation of a quantity of metal coins. Any owner of gold or . . . → Read More: What is Seigniorage in Finance

Ideas For Designing Paper And Coin Money For a Single Global Currency

Ideas For Designing Paper And Coin Money For a Single Global Currency

Concept and history of currency

The last time world really had a single global currency, it was gold, and not a fiat currency consisting of paper. Remembering this simple fact may allow us to prepare for the single global currency in a much more effective manner.

Within the boundaries of a country, the government that controls the financial and monetary systems is accountable to the people for ensuring the value of the monetary unit. This allows the government to issue a fiat currency, and it is the backing of the government that maintains the credibility of that currency and makes it a reliable and acceptable medium. Notably, even in the financial and monetary sphere, the government itself is one of the biggest stakeholders, with stability of currency often linked with the stability of the government.

Global currency: The concept

In case of the single global currency, the authority issuing the currency and controlling it cannot have a stake on the impact of the instability of that . . . → Read More: Ideas For Designing Paper And Coin Money For a Single Global Currency

Going Green in Business: Saving Money And The Planet

Going Green in Business: Saving Money And The Planet

As our awareness of our environmental impact grows, more and more businesses are looking to decrease their carbon footprints and lower their impact on the world around them. While this is an admirable sentiment, there has to be a benefit for the business in doing so, otherwise there is no incentive for change. So how can a small company lower its carbon footprint while ensuring there is a business benefit in doing so?

Firstly, a small business needs look at its own areas of environmental impact. These are broadly the same for all businesses, large or small but are particularly controllable for smaller firms. They’re also very predictable and blindingly obvious although few businesses seem to be addressing them effectively.

Heating and lighting.
Utility charges for businesses are often seen as necessary, but uncontrollable, costs. This doesn’t have to be the case. Yes, you will always incur costs for heating and lighting your premises, or paying your phone bills, but any business can control the costs with a few sensible measures.
If . . . → Read More: Going Green in Business: Saving Money And The Planet

History of money

History of money

Article by Tomas

We all use money every day. It is essential because if we want to buy some food, clothes, etc. we have to pay money for these goods. Money is recognized as banknotes and coins. However, many years ago people couldn’t go to the shop and buy what they wanted. They had to exchange some merchandise or services to other goods or services and this process is called barter trade. It was a really difficult procedure the barter often depends on a coincidence of wants. Giving an illustration, the seller of grain has to find a buyer who wants to buy grain and who also could offer something the seller wants to buy. And one more example, if a wheat farmer needs what a fruit farmer produces, a direct swap is impossible because seasonal fruit would spoil before the grain harvest. The solution is to trade fruit for wheat indirectly through a third, intermediate, commodity. Intermediate commodity or in other words commodity money has to be imperishable, attractive in demand, etc. For example, it can be cattle, . . . → Read More: History of money

IF the world economy crashed tomorrow and money meant NOTHING what you do?

Question by Ben G: IF the world economy crashed tomorrow and money meant NOTHING what you do?
IF money had no meaning in the world anymore..if all that fake paper couldnt buy or sale anything WHAT WOULD YOUR LIFE MEAN? What would you do everyday…BECAUSE it could happen very easily now…WHAT WOULD BECOME IMPORTANT THEN?
My point with this question is to make people think about what is REALLY important…MONEY right now is fake its paper that a corporation tells everyone means something but it doesnt…SO WHAT WOULD YOU DO? WHAT WOULD BE IMPORTANT?

Best answer:

Answer by simon_watplay sim-city instead.

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What do you think will happen if all the money in the world just spontaneously combusted?

Question by .: What do you think will happen if all the money in the world just spontaneously combusted?
Paper and coin.

Lets just say ALL of it combusted. It just caught fire and burned/melted. Even the money in the banks all across the world.

What do you think would happen to the world?

Best answer:

Answer by ◄BamaBoy205►world wide looting

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Save Money And do Good Through The Sustainable Use of Coupons

Save Money And do Good Through The Sustainable Use of Coupons

What does “sustainable use” mean? Other articles will define what sustainability is. This article will focus on how collecting and using coupons affects you and the rest of us. I break down sustainability into four components – sustainable money, sustainable environment, sustainable health, and sustainable culture. All of our actions should be weighed against how they will impact each of these four parts.

Sustainable money

The good news is that you can save a substantial amount of money by diligently using coupons. U.S. consumers saved nearly billion with coupons during the first half of 2010 and nearly .5 billion in 2009 (Promotion Marketing Association Coupon Council). In 2009, Americans redeemed almost 3.2 billion coupons (PMACC).

The bad news is that almost every coupon requires you to spend money in order to “save” money. This isn’t a problem is you were going to buy the item anyway. But purchasing something that isn’t what you wanted just to “save” money is actually a waste of money. It is money you don’t have . . . → Read More: Save Money And do Good Through The Sustainable Use of Coupons

This is jst a theory, but what wuld happen if the U.S. stopped making paper money and wnt to tatoo?

Question by Lauren: This is jst a theory, but what wuld happen if the U.S. stopped making paper money and wnt to tatoo?
Think about it, if the world stopped making paper money and went to a tatoo, we wouldnt cut down so many trees, nobody could steal your money, no identity theft because its on your wrists or wherever you decide to put it, no illegal transactions could take place without a scanner, and even if they had a scanner, drugs do not have a bar code.
Ok, I know its a weird idea and most of you wont like the idea of being marked like a grocery item, but still…
Just tell me what you think.

Best answer:

Answer by Jesus & His Pal DinoThis is one of the stupidest things I’ve ever heard.

Seeing as no one’s bank account retains the same amount of money, there’s already a huge problem with your idea at conception.

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World Paper Money