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What is conversion and how do you change it to Philippine money?
Conversion is the process of exchanging the money of one country for a roughly equivalent value of money from another country. You change money to Philippine piso by taking your US dollars, British pounds, Euros, Mexican pesos or other money and go to a bank or currency exchange. There you tell them how much Philippine money you want and they will tell you home much of another country's money you need t pay. Or you tell them how much of another country's money you have and they will tell you how much Philippine money it will buy.
What is the difference between fiat money and token money?
Token money is a type of money whose intrinsic worth is less than its nominal value eg its value as money is less than its value as metal while fiat money is a type of money which intrinsic value is more than its nominal value.
What are the Classification of money?
Full-bodied>Full-bodied is money whose value as a commodity for non-monetary purposes is a great as its value as money.>The principal full bodied money in modern monetary system have been coins of the standard metal when a country is on a metallic standard: A gold standard , a silver standard ,or a bimetallic standard using gold and silver.Representative Full-bodied Money>Which is usually made of paper, is in effect a circulating warehouse receipt for full-bodied coins or their equivalent in bullion.>The representative full-bodied money itself has no significant value as a commodity, but it "represents in circulation an amount of metal with a commodity value equal to the value of the money.Credit Money>By credit money, or debt money, we mean any money, except representative full-bodied money, that circulates at a value greater than the commodity value of the material from which it is made. In some cases, the market value of the money materials is insignificant, as in the case of most paper money.>Credit or debt money can also result as the issuing authority buys all the money material offered to it, but at a price significantly below the monetary or face value of the money into which it is transformed.
Describe one way money acts as a store of value?
Money acts as a store of value because it is valuable. Money can be held and spent when something is worth it's value.
How can interest rate affect business?
Interest rates affect the value of money. Businesses depend on money. So when money has a higher value, businesses are happy. When money has a lower value, businesses are not so happy.
The money was called mickey mouse money because it has no value.?
It has no value because it is not printed it their country it was printed in the Philippines
How much value Dubai money to Philippines?
No
What is the value of 1000000 turkey money in the Philippines?
0.5
Why value of money is differ from country to country?
Every kind of money has a different value in different country
Total money supply in the Philippines as of may 2009?
The total amount of money in the Philippines last 2009 was about 4.98 Trillion pesos. Also in that same year Philippine money had received its highest value.
What is the difference of the money of the Philippines now and then?
Philippine money has higher value than now 1 pesos = 1 UsDollar
Which country use a rupiah value of money?
india
Does Mexican money have more or less value than US money?
it depends what country your in
What country's money value is less than the US?
Syria
What functon of money allows the monetary unit of a country to serve as a unit in which the value of all goods and services can be measured?
Money as a measure of value is the function of money.
What country has more value in money than US?
The uk ( euros)
What is an economic situiton that occurs when the value of a country's money decreases?
Inflation.
