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Encyclopedia > Store of value

To act as a store of value, a commodity, a form of money or financial capital must be able to be reliably saved, stored, and retrieved - and be predictably useful when it is so retrieved. The word commodity is a term with distinct meanings in business and in Marxian political economy. ... An example of Money. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ...


This is distinct from the standard of deferred payment function which requires acceptability to parties one owes a debt to, or the unit of account function which requires fungibility so accounts in any amount can be readily settled. It is also distinct from the medium of exchange function which requires durability when used in trade, and a minimum of opportunity to cheat others. A standard of deferred payment is the accepted way (in a given market) to settle a debt. ... Debt is that which is owed. ... In economics, the unit of account is a unit of measurement of market value. ... Fungibility is the degree to which all instances of a given commodity are considered interchangeable. ... A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. ...


When currency is stable, money can serve all four functions. When it isn't, such as during times of hyperinflation or when complex and volatile forms of financial capital are involved, it becomes important to identify alternative stores of value, of which common ones are: An example of Money. ... In economics, hyperinflation is inflation which is out of control, a condition in which prices increase rapidly as a currency loses its value. ... Financial capital, or economic capital, is any liquid medium or mechanism that represents wealth, or other styles of capital. ...

While these are clumsy to use in daily trade or to settle accounts, and may vary in value quite significantly, they rarely or never lose all value. This is the point of any store of value, to impose a natural risk management simply due to inherent stable demand for the underlying asset. It need not be a capital asset at all, merely have economic value that is not known to disappear even in the worst situation. In principle, this could be true of any industrial commodity; gold is favored because its economic utility far exceeds its supply, which puts a higher floor on the value of gold than on many other commodities. Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... This article is on the monetary principle. ... General Name, Symbol, Number silver, Ag, 47 Chemical series transition metals Group, Period, Block 11, 5, d Appearance lustrous white metal Atomic mass 107. ... The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver. ... For the Gemstone as a mineral see Gemstone. ... A gold nugget A precious metal is a rare metallic chemical element of high, durable economic value. ... The Swiss franc (ISO 4217: CHF or 756), CHF, the Confœderatio Helvetica franc, is the currency and legal tender of Switzerland and Liechtenstein. ... e-gold is, according to the e-gold website, 100% backed by gold Digital gold currency (DGC) is a form of electronic money denominated in gold weight. ... Winged Victory of Samothrace exihibited in the Louvre. ... Antique can stand for any of several things: An antique is an object, often furniture or any other domestic item, that is highly valued because of its age, or because it belongs to a specific time period. ... Sheep are commonly bred as livestock. ... Generally, Risk Management is the process of measuring, or assessing risk and then developing strategies to manage the risk. ... In accounting, a capital asset is an asset that is recorded as capital - that is, property that creates more property, e. ... Value is a term that expresses the concept of worth in general, and it is thought to be connected to reasons for certain practices, policies, or actions. ... The word commodity is a term with distinct meanings in business and in Marxian political economy. ...


See also


  Results from FactBites:
 
Store of value - Wikipedia, the free encyclopedia (333 words)
To act as a store of value, a commodity, a form of money or financial capital must be able to be reliably saved, stored, and retrieved - and be predictably useful when it is so retrieved.
This is the point of any store of value, to impose a natural risk management simply due to inherent stable demand for the underlying asset.
It need not be a capital asset at all, merely have economic value that is not known to disappear even in the worst situation.
CS 434 Lecture Notes -- Value Numbering (cont.) (983 words)
Store the value number for values associated with variables in their declaration descriptors.
Store the value numbers associated with other expression nodes in the tree in a hash table.
By assigning a new value number to this dummy variable, you can ensure that the value of all future references to any element of such an array will be assumed to represent a distinct value from any earlier references.
  More results at FactBites »

 
 

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