The History Of Finance By Andrew Zimine: Chapter One — Exscudo Blog

  1. What is money in my understanding
  2. What is the current financial system, how it works and what problems it solves

The History of Money

The Basic Function Of Money Is Determining Value

The First Definition

The Second Definition

So where does this leave us?

  1. A company’s share or security gives the right to own a share of the company. For example, if you own 1 out of 100 total shares, you own 1\100 of the company. Depending on the type of share it gives you ownership or the right to receive dividends.
  2. The NASDAQ Exchange by the decision of a supervisor is the platform of turnover (trading) of shares. It determines the equilibrium value of the share.
  3. The value of the share is listed in US dollars
  4. If you want to buy a share in your national currency, it will be converted in accordance with multiple exchange rates that depend on the method of your connection to the trading platform.

How does this example relate to money?

Summary Of The First Chapter



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