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Chuck Marean (talk | contribs)
→‎My finance notes: Added: 6. Interest. The charge for capital or credit.
Chuck Marean (talk | contribs)
→‎My finance notes: Added: 7. Banks. Banks safeguard money and loan money.
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'''Finance'''
'''Finance'''


Finance has a few basic ideas. 1. Value. Something has value if someone would give something for it. 2. Barter. Giving something of yours in return for something you want. 3. Money. Something agreed by the group to be of intermediate value. 4. Capital. The accumulation of surplus value. 5. Credit. Selling in return for a promise to pay. 6. Interest. The charge for capital or credit.
Finance has a few basic ideas. 1. Value. Something has value if someone would give something for it. 2. Barter. Giving something of yours in return for something you want. 3. Money. Something agreed by the group to be of intermediate value. 4. Capital. The accumulation of surplus value. 5. Credit. Selling in return for a promise to pay. 6. Interest. The charge for capital or credit. 7. Banks. Banks safeguard money and loan money.

Revision as of 21:31, 2 July 2009


My finance notes

I'm reading a book on finance for Wikipedia. I guess I'll have to type my notes here. I'll start after lunch.--Chuck Marean 19:23, 2 July 2009 (UTC)[reply]

Finance

Finance has a few basic ideas. 1. Value. Something has value if someone would give something for it. 2. Barter. Giving something of yours in return for something you want. 3. Money. Something agreed by the group to be of intermediate value. 4. Capital. The accumulation of surplus value. 5. Credit. Selling in return for a promise to pay. 6. Interest. The charge for capital or credit. 7. Banks. Banks safeguard money and loan money.