Fundamentals of Money

What does PYF stand for?

• Pay Yourself Finally

• Perhaps Your Fail

• Pretty, You Fine

• Pay Yourself First

something generally accepted as a medium of exchange, a measure of value or a means of payments (Merriam-Webster Dictionary)

• Monetary Policy

• Money

• Gold

• Money Demand

rate at which a unit of currency of one country can be exchanged for a unit of currency of another currency

• Monetary Policy

• Fiscal Rate

• Exchange Rate

• Gold Standard

system of money in general use in a country

• Currencies

• Coin

• Cash

• Banknotes

means by which a government adjusts its spending levels and tax rates to monitor and influence a nation’s economy

• Monetary Policy

• Exchange Rate

• Personal Check

• Fiscal Policy

type of money made with metal, stamped and issued by the authority of government

• Electronic Funds. Transfer

• Coins

• Banknotes

• Cash

actions of a central bank, currency board or regulatory committee specifying the size and rate of growth of the money supply

• Monetary Policy

• Money Demand

• Fiscal Policy

• Fiscal Exchange Rate

promissory notes issued by a Federal Reserve Bank

• Currencies

• Government Bonds

• T-Bill

• Banknotes

standard mass of gold defines the value of a currency unit

• Exchange Rate

• Gold Policy

• Gold Standard

• Money Demand

form of debt issued by a national government

• Government Bond

• Continentals

• Banknotes

• Money Supply