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Moneta. In Roman mythology, Moneta ( Latin Monēta) was a title given to two separate goddesses: It was the name of the goddess of memory (identified with the Greek goddess Mnemosyne ), and it was an epithet of Juno, called Juno Moneta (Latin Iūno Monēta ). The latter's name is the source of numerous words in English and the Romance languages ...
The word money derives from the Latin word moneta with the meaning "coin" via French monnaie. The Latin word is believed to originate from a temple of Juno, on Capitoline, one of Rome's seven hills. In the ancient world, Juno was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located.
The Temple of Juno Moneta ( Latin: Templum Iunonis Monetæ) was an ancient Roman temple that stood on the Arx or the citadel on the Capitoline Hill overlooking the Roman Forum. [2] Located at the center of the city of Rome, it was next to the place where Roman coins were first minted, and probably stored the metal and coins involved in this ...
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1971, the major currencies in the world are fiat money.
A central bank digital currency ( CBDC; also called digital fiat currency [1] or digital base money [2]) is a digital currency issued by a central bank, [3] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, as is the case with physical banknotes and coins. The two primary ...
Token money. Token money, or token, is a form of money that has a lesser intrinsic value compared to its face value. [1] Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. [2] Token money costs less to produce than its face value. [2]
Endogenous money is an economy’s supply of money that is determined endogenously —that is, as a result of the interactions of other economic variables, rather than exogenously (autonomously) by an external authority such as a central bank . The theoretical basis of this position is that money comes into existence through the requirements of ...
commercial bank money — obligations of commercial banks, including checking accounts and savings accounts. In the money supply statistics, central bank money is MB while the commercial bank money is divided up into the M1-M3 components, where it makes up the non-M0 component.
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