Virtual money and real money supply
virtual currency is a kind of currency that has value but can't be directly exchanged for real goods Therefore, virtual currency is not a commodity.
1. The essence of interpretation is different:
virtual currency: virtual currency refers to non real currency
currency: currency (CCY) is the medium of purchasing goods and preserving wealth. It is the contract between the owner of property and the market about the right of exchange. In essence, it is the agreement between the owners
2. Different types:
virtual currency: game currency, special currency, etc.
currency: coin, paper currency, deposit currency, etc.
extended data:
formation of virtual currency market:
Internet leads to the emergence of a new market, which is a virtual market based on cyberspace. The Internet provides a lot of communication places for consumers, and also provides business market for enterprises. Enterprises must change from proct centered to service centered to customer centered
with the development of computer artificial intelligence technology and database technology, enterprises can conveniently collect customers' information, understand customers' needs in time, change business strategies and grasp economic arteries in real time
the definition of traditional currency
traditional currency, that is, currency in the general sense, refers to the paper money and subsidiary currency issued by the central bank, which includes cash and deposits in circulation. Traditional currency has the functions of value scale, circulation means, payment means and storage means< (2) the definition and characteristics of virtual currency, also known as network currency, digital currency and electronic currency, is based on electronic information network, with commercial electronic machines and various transaction cards as the media, with electronic computer technology and communication technology as the means, and stored in the bank's computer system in the form of electronic data, And through the computer network system in the form of electronic information transmission to achieve circulation and payment function of money, is a new payment tool in the late 1990s
virtual currency is a currency symbol with no value of its own, and it is invisible. The exchange between the buyer and the seller is only reflected in the increase and decrease of the deposit balance in the bank account; At any time in any place that the network or device can cover, both parties can complete the transaction as long as there is exchange behavior; Virtual currency has the function of transcending time, space and region, which has greatly improved the speed and efficiency of money media transactions, greatly reced transaction costs, and promoted the process of globalization of capital flow and financial market integration. Virtual currency is a kind of non-standard currency, which has no geographical currency unit
the difference and connection between virtual currency and traditional currency
virtual currency combines cash in circulation with deposit organically by using electronic system. It has the characteristics of deposit in traditional currency, cash and non cash conversion and information display. In the scope of use, it is the same as the traditional currency, mainly used for small transactions; In commodity transaction payment, it also has the characteristics of autonomy of transaction behavior, consistency of transaction conditions, independence of transaction mode and sustainability of transaction process.
"nominal" means that only money is used as the measurement unit. For example, the central bank repurchases 200 million bonds, which means that 200 million "nominal money supply" has been increased
"actual" means to convert the money into material objects according to the current price level. In the above example, if the current price level is 2, then the central bank will issue 100 million additional "real money supply" (if bread is two yuan, it will issue 100 million additional bread)
therefore, the advantage of using the concept of "real" is that it can eliminate the impact of price changes, so that M / P is also called "real money balance", It's a real thing<
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students downstairs, all data in macroeconomics, whether nominal or actual, are meaningful only through vertical comparison with historical data. The advantage of real data over name data in comparison is that it eliminates the interference of inflation to the greatest extent. Your so-called "name is the only meaningful thing in your mind and reality" is very funny
in addition, what is the basis for your "complete collapse of the Monetary School"? Do you really understand the theory of monetary school
in my opinion, the reason why I can enter the textbook is not because of its old qualification, but because it is most realistic compared with other theories. I'm ignorant. I don't know whether Keynes is true or not. I hope I can talk about it in detail.
2 No problem.
the real money supply changes in the same direction as the nominal money supply.
How can you come to the conclusion that "the real money supply and the nominal money supply change in the opposite direction"? Is it not a positive correlation originally