Question 2: What are the two basic functions of money? The meaning of functions of money: functions of money refers to the role that money plays in people's economic life. It is the expression of the essence of money. Money has five functions: value scale, circulation means, payment means, storage means and world currency. Two basic functions: value scale and circulation means.
Question 3: What are the four functions of money? In the commodity economy society, the functions of money are usually summarized as: implementing the value scale, means of payment, means of circulation and means of value storage. Carrying out the function of value scale means that money is the standard to express and measure the value of all other goods and services, that is, the comparative benchmark of value. The function of executing circulation means means that money acts as a trading medium in commodity exchange; Fulfilling the function of means of payment means that when paying off debts, money acts as a tool for delaying payment; Performing the function of value storage means that money exits the circulation field and is regarded as social wealth.
Question 4: How to understand the two basic functions of money? When used to measure and express the value of all goods and services, money plays the role of value scale.
▲ Features: You only need ideas or imaginary money, and you don't need real money.
▲ Role: Pricing various goods and services.
When money acts as a medium in commodity exchange, it acts as a means of circulation.
▲ Features:
(1) You must use realistic currency, with one hand paying and one hand delivering. (2) Money, as a means of circulation, is fleeting in exchange.
▲ role: duality:
△ Overcome the difficulty of barter and promote the circulation of commodities and the expansion of the market;
△ The exchange process is divided into two parts: buying and selling, which leads to the disconnection between buying and selling and the possibility of imbalance between supply and demand.
Question 5: What are the two basic functions of money? The five functions of money are: 1 value scale, 2 means of circulation, 3 means of storage, 4 means of payment, and 5 world currencies.
Among them, value scale and circulation means are the basic functions.
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Question 6: What is the basic function of money? The function of money refers to the function of money in social and economic life and the embodiment of the essence of money. The most basic function of money is the measure of value and means of circulation. With the development of commodity economy, money has also played the role of storage means, payment means and world currency. 1. Value measure ● The concept of value measure refers to money as a measure of commodity value. The reason why money can perform the function of value scale is because money itself has value. The amount of labor condensed in commodities is the internal measure of commodity value. However, the value of goods can not be expressed directly by labor time, but indirectly by how much money is equal in the exchange process. ● As a measure of value, money is the external measure of commodity value. The value of a commodity is expressed by a certain amount of money, which is called the price of the commodity. When money performs the function of value scale, it only shows the value of goods, but does not realize the value of goods, so it does not need realistic money, but only conceptual money. ● The function of price-based currency as a measure of value is realized through price-based. The monetary unit of measurement containing a certain weight of precious metals and their equivalent parts is called the price standard. 2. Means of circulation ● The concept of means of circulation means that money acts as a medium for commodity exchange. ● The concept of commodity circulation Before the emergence of money, commodity exchange was based on barter, and buying and selling were completed at the same time. After the emergence of money, commodity exchange is carried out through the intermediary of money, and the process of commodity exchange is divided into two stages: selling and buying. This kind of commodity exchange, including selling and buying, is called commodity circulation. The currency that performs the function of circulation means must be realistic currency, not conceptual currency. As a medium of commodity exchange, money divides the process of commodity circulation into two stages: selling and buying. The separation of the two in time and space includes the possibility of a crisis of relative surplus of commodities. 3. Storage means ● The concept of storage means refers to the withdrawal of money from the circulation field and its preservation as an independent value form and a general representative of social wealth. Why can money act as a means of storage? Money has the function of storage means because it is a universal equivalent. The currency that performs the function of storage means cannot be concept currency, nor can it be paper money as a value symbol, but only metal currency or metal strip. ● The role of currency storage means Under the condition of metal currency circulation, currency as a storage means has the function of spontaneously regulating currency circulation. 4. Means of payment ● The concept of means of payment refers to the currency deferred in the process of credit purchase and sale of goods, as well as the functions of paying off debts or paying taxes, rents and wages. Money plays a dual role as a means of payment. On the one hand, money temporarily alleviates the contradiction of not being able to buy goods due to lack of cash, so that goods can circulate without cash, reducing the amount of money needed in circulation, which is conducive to the development of commodity economy; On the other hand, it further expands the contradiction of commodity economy and deepens the possibility of economic crisis. 5. World currency ● The concept of world currency refers to the function that money transcends the domestic circulation field and performs the universal equivalent in the world market. This is an extension of other functions of money in the world. As a world currency, money is generally limited to precious metals (gold or silver). Among the banknotes issued by various countries, a few with good reputation, such as USD, JPY, GBP, etc., can be widely circulated, and also fulfill the functions of the world currency to a certain extent, but they are basically based on gold reserves. ● The first function of the world currency is to act as an international purchasing means; Second, as an international payment means, it is used to pay the balance of international trade; The third is to transfer from one country to another as a representative of social wealth.
Question 7: What is the most basic function of money? The function of money is also the role that money plays in people's economic life. Under the condition of developed commodity economy, money has five functions: value scale, circulation means, storage means, payment means and world currency. Among them, the measure of value and the means of circulation are the basic functions of money, and the other three functions have appeared one after another in the development of commodity economy.
Question 8: What are the main functions of money? What is its basic function? Under the condition of developed commodity economy, it has five basic functions: value scale, circulation means, storage means, payment means and world currency.
1, value scale-the function of money to express and measure commodity value.
The function of monetary execution value scale is to show the value of all commodities as a certain amount of money. This is because money itself is a commodity and is valuable. All kinds of commodities are the condensation of social labor and have the same quality, so labor time is the intrinsic value measure of commodities. This intrinsic value can be compared, but it cannot be expressed by itself. In the process of commodity exchange, when money performs the function of value scale to measure the value of other commodities, so that the value of various commodities is expressed as a certain amount of money, money becomes the external expression of commodity value.
2. Means of circulation-In the circulation of commodities, money acts as the medium of commodity exchange.
The function of currency circulation means is developed in commodity exchange. Before currency appeared, commodity exchange took the form of direct barter. After the currency came into being, it became a commodity circulation with money as the medium, which made the direct commodity exchange become two processes. Any commodity producer must first sell goods in exchange for money (W-G), and then use money to buy back the needed goods (G-W). In the commodity exchange formed by these two processes, money acts as the medium of exchange activities. The function of this medium commodity exchange is the function of currency circulation means.
3. Storage means-the function that money exits the circulation field and is preserved as an independent value form and a general representative of social wealth.
The function of money storage means is gradually improved in practice. At first, it was a simple money storage, and producers exchanged surplus products for money in order to preserve their surplus products with money. With the development of commodity production, in order to facilitate commodity producers to buy commodities that can maintain production and life at any time, currency storage is mainly manifested as the storage of exchange value. When commodity circulation extends to all fields, whoever owns money can buy all the needed items. At this time, money storage is manifested as money storage of social power. However, money storage for any purpose must be sufficient money with valuable entities.
4. Means of payment-the function that money plays when it flows in one direction as an independent value form.
The function of money as a means of payment was originally produced to meet the needs of commodity production and commodity exchange. Because the production cycle of different commodities is different, the place of origin and sales are different, in order to ensure the continuous reproduction process, some commodity producers have the need to sell goods on credit. When the debt is paid off on the agreed date, money has the function of payment means. With the development of commodity exchange and credit economy, the function of monetary means of payment is becoming more and more common, which not only goes beyond the field of commodity circulation, but also enters people's daily life, such as paying land rent, rent, wages and taxes.
5. World currency-used as a universal equivalent currency in the world market.
With the emergence and development of international communication, currency circulates in the world market and has the function of world currency. In addition to the function of value scale, the world currency also performs the following functions: as a means of purchase, it is used to buy foreign goods internationally; As a general means of payment, it is used to pay international debts, pay interest and other unproductive payments to balance international payments; As a representative of social wealth, it is used to pay war reparations and export monetary capital. And transferred from one country to another.
Generally speaking, under the condition of precious metal currency circulation, it is full-value gold and silver that acts as the world currency, not coins with regional coats. So it mainly appears in the form of gold nuggets and silver nuggets. Under the modern credit currency system, hard currency that can be freely converted into other countries' currencies is mainly used as the world currency. However, in this case, countries still have to store a certain amount of gold as the reserve of the world currency to balance a country's international payments.
Question 9: What is the function of money? What are the basic functions? Money has five functions: value scale, circulation means, storage means, payment means and world currency.
Among them, value scale and circulation means are the basic functions of money.
Question 10: Various functions of money and their interrelationships. Money has five functions: value scale, circulation means, storage means, payment means and world currency. Among them, the measure of value and the means of circulation are the basic functions of money, and the other three functions have appeared one after another in the development of commodity economy. Value scale and circulation means are the standards used to measure value, storage means reflect the value of material, payment means reflect the exchange of value, and the world currency can circulate around the world. It can be seen that the five functions permeate and influence each other.