QUOTES WITH «UNIT OF ACCOUNT»
Famous quotes and sentences with the word
unit of account.
A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.
10 ENGLISH BOOKS RELATING TO «UNIT OF ACCOUNT»
Discover the use of
unit of account in the following bibliographical selection. Books relating to
unit of account and brief extracts from same to provide context of its use in English literature.
1
The Cambridge Economic History
of Europe
coin and assumed a permanent relation to the Flemish unit of account (viz. I
Flemish pound groat of account = 1-5 Brabant pounds groat of account). From the
reform of 1433-4 onwards, the value of the Brabant pound groat was
consequently ...
Sir John Harold Clapham, Michael Moïssey Postan, H. J. Habakkuk, 1941
2
Accounting for Income Taxes 2009
Richard Petersen. EXCERPT FROM OFFICIAL TEXT Recognition 5. The
appropriate unit of account for determining what constitutes an individual tax
position, and whether the more-likely-than-not recognition threshold is met for a
tax position, ...
3
Basic Documents on International Trade Law
The use of the SDR as a unit of account has been regarded as a significant
improvement over the use of gold or of a national currency. After considering the
establishment of a unit of account that could be used in conventions universally
and ...
Chia-Jui Cheng, Jiarui Cheng, 1990
4
Money, Coordination, and Prices
decision, since it invokes a coordination problem. Money as a unit of account A
unit of account is a good in terms of which prices are quoted, accounts are kept
and whose own unit price is one by definition. In a world with imperfect
information ...
5
Legal Effects
of Fluctuating Exchange Rates
The definition does not limit composite units of account in which it would be valid
to express obligations to the SDR and the ECU, but any other unit of account
would fall within the definition of "money" only if the unit of account was
authorized ...
6
Balance
of Payments Manual (EPub)
The conversion of these values into a reference unit of account (usually the
national currency of the compiler) is a requisite for the construction of consistent
and analytically meaningful statements. In addition, a standard or universal unit
of ...
International Monetary Fund, 2005
7
The Future
of the SDR in Light
of Changes in the ...
The case for a separate unit of account for private international transactions rests
on two pillars. First, one of the main arguments for the coincidence of the unit of
account and the unit of the means of exchange — convenience — by definition ...
Mr. James M. Boughton, Mr. Peter Isard, Mr. Michael Mussa, 1996
8
Functioning
of the International Monetary System
exchange and the indicated amount of gold for which it was redeemable was the
unit of account. Monetary systems can be divided into those that take a unit of
money as their unit of account (quantity standards) and those that do not (price ...
Jacob A. Frenkel, Morris Goldstein, 1996
9
Institutional Change in the Payments System and Monetary Policy
currently in place: CB money remains the generally accepted medium of
exchange and the unit of account but the degree of tiering in the payments
system increases further. All means of payments are denominated in the uniform
unit of ...
Stefan W. Schmitz, Chair of International Business Adjunct Professor Geoffrey Wood, Geoffrey Wood, 2007
10
The Evolution
of the Money Standard in Medieval Frisia: A ...
For instance, the English penny coin, or sterling, was once the standard of value
for the English (and Frisian) money unit of account. Hence, when the standard is
such a coin, its gold or silver content defines the gold or silver equivalence of the
...
10 NEWS ITEMS WHICH INCLUDE THE TERM «UNIT OF ACCOUNT»
Find out what the national and international press are talking about and how the term
unit of account is used in the context of the following news items.
What Next in the Greek Crisis?
Euros will remain the unit of account, but scrip can be introduced as an additional means of payment. And since this means of payment is only acceptable for ... «Center for Research on Globalization, Jul 15»
Is the time ripe for a new global reserve currency?
Instead, SDR constitute potential claims on freely usable currencies of IMF member states, and serve as unit of account in the IMF. A holder of SDR can obtain ... «Global Risk Insights, Jul 15»
CORRECTED-INSIGHT-China knocking on door of IMF's major …
... the major league of reserve currencies with a deal possible later this year to include the yuan in the International Monetary Fund's unit of account, international ... «Reuters, Apr 15»
Bitcoin Might Not Be Money, but Cryptocurrencies are the Way of the …
Thanks to its volatility, Bitcoin is unreliable enough that it is useless as a unit of account. A unit of account is a well understood measurement for defining and ... «Cato Institute, Dec 14»
Chinese Currency 101 Explainer: Is It RMB, CNY or CNH?
But because of its history as a closed and managed exchange rate with limited trading there is some confusion as to how to describe the Chinese unit of account ... «Business Insider Australia, Nov 14»
What Does the Consumer Price Index Measure? Inflation or Cost of …
On the other hand, we can best understand inflation as a change in the value of our unit of account, the dollar. When there is inflation, the value of the unit is ... «EconoMonitor, Jul 14»
Bitcoin's deflation problem
Rather, it is that deflation will prevent Bitcoin from becoming a unit of account, and that, in turn, will keep it from displacing traditional currencies. But Bitcoin could ... «The Economist, Apr 14»
Why Bitcoin Can No Longer Work as a Virtual Currency, in 1 …
Finally, as a unit of account, Bitcoin had to have a standard numerical value to be used to measure profits and settle debts. It had to be divisible (which it was, ... «The Atlantic, Mar 14»
Money from nothing
And it should function as a unit of account: a statistical yardstick against which value in an economy is measured. The American dollar meets all three conditions. «The Economist, Mar 14»
Roubini unleashes Twitter attack on Bitcoin
Bitcoin is not a unit of account as no price of goods and services is set in Bitcoin unit nor it ever will. So it isn't a currency — Nouriel Roubini (@Nouriel) March 9, ... «MINING.com, Mar 14»
