Moscow, Russia

Finance, money circulation and credit

Language: English Studies in English
Subject area: economy and administration
University website: www.rudn.ru
3 years
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.
Money
As a rule, there is nothing that offends us more than a new kind of money.
Robert Lynd, The Pleasures of Ignorance (1921), p. 215.
Finance
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449
Money
If money is, as it is often posited, the root of all evil, then where does that leave greed? Let's do the math: Greed takes up most of your time and most of your money, so therefore greed = time x money. And, as we all know, time = money. Ergo, greed = money x money. So, if money is the square root of all evil, then we are forced to conclude that greed is evil as well, perhaps even more so, in that it forced us to do math.
But when does the desire to simply possess something turn into unchecked greed? That's easy: when the things that you possess start possessing you.
Dale E. Basye and Bob Dob, in Rapacia: The Second Circle of Heck (2009), "Backword", p. 361.
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