This article carriers on from the one on Shopping In Chinese and Can You Count In Chinese? The unit of currency in China is called Kuài, as such the units of currency in China are: Yī kuài (1), wǔ kuài (5), shí kuài (10), èrshí kuài (20), wǔshí kuài (50), and yī băi kuài (100). … Continue reading Qǐng wèn, … duōshao qián?
Interest is a market participants preference valuation of present goods to future goods. In which one would prefer $10 now rather than $10 in a months time. The monetary unit here ascribes itself to the lenders compensated assurance of placing a premium on present goods, one would prefer $10 now rather than $10 in a … Continue reading A Billion Dollar Time Premium
Mike Maloney documentary series on the Hidden Secrets of Money covers the evolution of money and its properties. Topics on economics that are covered include deficit spending, fiscal policy, debt ceiling, and trade cycles. Also, he reviews the role of the Central Bank and how its creates currency affects asset prices and purchasing power. To … Continue reading Hidden Secrets of Money – Mike Maloney
Which is more valuable, water or diamonds? Most would say water in that it is needed to sustain life, though what if you had enough water to sustain all living beings on Earth, now you opt for diamonds. What if you had equal and plentiful amounts of both water and diamonds? A person would not … Continue reading Money & Wealth – Adam Smith