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85-640: The bank is not linked to any ministry, currently being autonomous. Like other central banks, the Brazilian central bank is the principal monetary authority of the country. It received this authority when it was founded by three different institutions: the Bureau of Currency and Credit (SUMOC), the Bank of Brazil (BB), and the National Treasury . One of the main instruments of Brazil's monetary policy

170-427: A monetary aggregate . Economists employ different ways to measure the stock of money or money supply, reflected in different types of monetary aggregates, using a categorization system that focuses on the liquidity of the financial instrument used as money. The most commonly used monetary aggregates (or types of money) are conventionally designated M1, M2, and M3. These are successively larger aggregate categories: M1

255-459: A store of value : its role as a store of value requires holding it without spending, whereas its role as a medium of exchange requires it to circulate. Others argue that storing of value is just deferral of the exchange, but does not diminish the fact that money is a medium of exchange that can be transported both across space and time. The term "financial capital" is a more general and inclusive term for all liquid instruments, whether or not they are

340-459: A unit of account , a store of value and sometimes, a standard of deferred payment . Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity ; nearly all contemporary money systems are based on unbacked fiat money without use value . Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender ; that is, it must be accepted as

425-571: A century when gold and paper money backed by gold were used as money in the 18th and 19th centuries. Uni (mythology) Uni is the ancient goddess of marriage, fertility, family, and women in Etruscan religion and myth, and was the patron goddess of Perugia . She is identified as the Etruscan equivalent of Juno in Roman mythology , and Hera in Greek mythology . As the supreme goddess of

510-444: A fixed quantity of a commodity such as gold or silver. The value of representative money stands in direct and fixed relation to the commodity that backs it, while not itself being composed of that commodity. Fiat money or fiat currency is money whose value is not derived from any intrinsic value or guarantee that it can be converted into a valuable commodity (such as gold). Instead, it has value only by government order (fiat). Usually,

595-532: A form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar . The money supply of a country comprises all currency in circulation ( banknotes and coins currently issued) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts , savings accounts , and other types of bank accounts ). Bank money, whose value exists on

680-411: A form of “pseudo-boustrophedon”, and potentially have up to 200 letters. Around 120 of these are legible. Etruscan archaeologist Adriano Maggiani has dated the inscription as being from 525 to 510 BCE., right before the building of the foundations in which it was placed Translation of the stele is incomplete, but from preliminary readings, scholars have tentatively linked a reference to Uni, based on

765-415: A fraction of their deposits , while the banks maintain an obligation to redeem all these deposits upon demand - a practise known as fractional-reserve banking . Commercial bank money differs from commodity and fiat money in two ways: firstly it is non-physical, as its existence is only reflected in the account ledgers of banks and other financial institutions, and secondly, there is some element of risk that

850-473: A means for merchants to exchange heavy coinage for receipts of deposit issued as promissory notes from shops of wholesalers, notes that were valid for temporary use in a small regional territory. In the 10th century, the Song dynasty government began circulating these notes amongst the traders in their monopolized salt industry. The Song government granted several shops the sole right to issue banknotes, and in

935-487: A metric of perceived value in conjunction with one another, in various commodity valuation or price system economies. The use of commodity money is similar to barter, but a commodity money provides a simple and automatic unit of account for the commodity which is being used as money. Although some gold coins such as the Krugerrand are considered legal tender , there is no record of their face value on either side of

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1020-455: A new unit of account , which helped lead to banking. Archimedes' principle provided the next link: coins could now be easily tested for their fine weight of the metal, and thus the value of a coin could be determined, even if it had been shaved, debased or otherwise tampered with (see Numismatics ). In most major economies using coinage, copper, silver, and gold formed three tiers of coins. Gold coins were used for large purchases, payment of

1105-418: A note has no intrinsic value, there was nothing to stop issuing authorities from printing more of it than they had specie to back it with. Second, because it increased the money supply, it increased inflationary pressures, a fact observed by David Hume in the 18th century. The result is that paper money would often lead to an inflationary bubble, which could collapse if people began demanding hard money, causing

1190-400: A standard of deferred payment as a distinguished function, but rather subsuming it in the others. There have been many historical disputes regarding the combination of money's functions, some arguing that they need more separation and that a single unit is insufficient to deal with them all. One of these arguments is that the role of money as a medium of exchange conflicts with its role as

1275-492: A supreme goddess of family and reproduction. As part of a large Tuscan style temple, the north-located shrine at Pyrgi dedicated to Uni was built in approximately 500 BC, and neighboured a smaller Greek temple . Compared to other locations, the cult of worship dedicated to Uni at Pyrgi held close resemblance to traditional Greek worship sanctuaries; at least 300 votive objects were dedicated there, alongside animal bones suggestive of sacrifice. Additionally, two bowls made by

1360-508: A system of representative money . This occurred because gold and silver merchants or banks would issue receipts to their depositors, redeemable for the commodity money deposited. Eventually, these receipts became generally accepted as a means of payment and were used as money. Paper money or banknotes were first used in China during the Song dynasty . These banknotes, known as " jiaozi ", evolved from promissory notes that had been used since

1445-415: A temple on site, and recovered as one of the longest recorded sacred Etruscan texts thus far. The date extrapolated from letter-forms and punctuation, and the place in which it was found link the stele to have being presented at the sanctuary in its “phase 0” of architectural history; this phase predated stone architecture, and was characterised by huts. Inscriptions on the edges of the stele were written in

1530-411: A uniformly recognized tender. When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange . It thereby avoids the inefficiencies of a barter system, such as the inability to permanently ensure " coincidence of wants ". For example, between two parties in a barter system, one party may not have or make the item that the other wants, indicating

1615-404: Is also used. M0 is base money , or the amount of money actually issued by the central bank of a country. It is measured as currency plus deposits of banks and other institutions at the central bank. M0 is also the only money that can satisfy the reserve requirements of commercial banks . In current economic systems, money is created by two procedures: Legal tender , or narrow money (M0)

1700-547: Is clear that the placements of deities in the Liver of Piacenza held influence over orientation and places of worship, however there has been some debate towards interpretation of the plate. Two predominant schools of thought have largely dominated readings of the regions of the Liver, however a third theory which somewhat reconciles the two mutually exclusive views has emerged as suggested by Stevens. This theory demonstrates Uni's placement in heavenly region number four as flexible with

1785-429: Is currency (coins and bills) plus demand deposits (such as checking accounts); M2 is M1 plus savings accounts and time deposits under $ 100,000; M3 is M2 plus larger time deposits and similar institutional accounts. M1 includes only the most liquid financial instruments, and M3 relatively illiquid instruments. The precise definition of M1, M2, etc. may be different in different countries. Another measure of money, M0,

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1870-403: Is distinguished by some texts, particularly older ones, other texts subsume this under other functions. A "standard of deferred payment" is an accepted way to settle a debt —a unit in which debts are denominated, and the status of money as legal tender , in those jurisdictions which have this concept, states that it may function for the discharge of debts. When debts are denominated in money,

1955-762: Is no clear assertion of her offering, it has been argued that these depictions demonstrate her unique Etruscan characteristics where she is more greatly associated with the fruits of fertility. Uni, alongside Tinia and Menrva, acts as one of the three deities which make up the Etruscan Trinity, equivalent to the Roman Capitoline Triad . Most scholars agree that this triad was imported by the Romans from original Etruscan custom, where Uni and Menrva traditionally played larger roles than their counterparts Juno and Minerva. Ancient sources have described

2040-424: Is no evidence of a society or economy that relied primarily on barter. Instead, non-monetary societies operated largely along the principles of gift economy and debt . When barter did in fact occur, it was usually between either complete strangers or potential enemies. Many cultures around the world eventually developed the use of commodity money . The Mesopotamian shekel was a unit of weight, and relied on

2125-663: Is the Banco Central do Brasil's overnight rate , called the SELIC rate. It is managed by Monetary Policy Committee (COPOM) of the bank. The bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion . It is also one of the original 17 regulatory institutions to make specific national commitments to financial inclusion under the Maya Declaration . during

2210-484: Is the cash created by a Central Bank by minting coins and printing banknotes. Bank money , or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio . Currently, bank money is created as electronic money. Bank money, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far

2295-465: Is understood as holding Greek origins, where counterpart Hera was unknowingly deceived by Zeus (Tinia) into nursing, and by that process adopting, an infant Heracles against her will. Depiction of this myth in which the adoption process features an adult Hercle, and an obliging Uni is widely acknowledged as having developed entirely in Etruria. Most scholars view this interpretation of the myth as

2380-542: The Etruscan pantheon , she is part of the Etruscan trinity, an original precursor to the Capitoline Triad , made up of her husband Tinia , the god of the sky, and daughter Menrva , the goddess of wisdom. She is often depicted with a goatskin cloak and sandals whilst holding a shield, similarly to Juno Sospita , wearing a bridal veil, or completely nude. Livy states (Book V, Ab Urbe Condita ) that Juno

2465-521: The New World and brought back gold and silver to Spain, or when gold was discovered in California in 1848 . This caused inflation, as the value of gold went down. However, if the rate of gold mining could not keep up with the growth of the economy, gold became relatively more valuable, and prices (denominated in gold) would drop, causing deflation. Deflation was the more typical situation for over

2550-414: The United States greenback , to pay for military expenditures. They could also set the terms at which they would redeem notes for specie, by limiting the amount of purchase, or the minimum amount that could be redeemed. By 1900, most of the industrializing nations were on some form of a gold standard, with paper notes and silver coins constituting the circulating medium. Private banks and governments across

2635-451: The instability in the ratio between the two grew over the 19th century, with the increase both in the supply of these metals, particularly silver, and of trade. This is called bimetallism and the attempt to create a bimetallic standard where both gold and silver backed currency remained in circulation occupied the efforts of inflationists. Governments at this point could use currency as an instrument of policy, printing paper currency such as

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2720-404: The market price of the metal content as a commodity , rather than their legal tender face value (which is usually only a small fraction of their bullion value). Fiat money, if physically represented in the form of currency (paper or coins), can be accidentally damaged or destroyed. However, fiat money has an advantage over representative or commodity money, in that the same laws that created

2805-416: The money supply of an economy. In other words, the money supply is the number of financial instruments within a specific economy available for purchasing goods or services. Since the money supply consists of various financial instruments (usually currency, demand deposits, and various other types of deposits), the amount of money in an economy is measured by adding together these financial instruments creating

2890-465: The 11th century was the impetus for the massive production of paper money in premodern China. At around the same time in the medieval Islamic world , a vigorous monetary economy was created during the 7th–12th centuries on the basis of the expanding levels of circulation of a stable high-value currency (the dinar ). Innovations introduced by economists, traders and merchants of the Muslim world include

2975-697: The 2011 Global Policy Forum in Mexico. Since 25 February 2021, it is independent from the Federal Government . On 3 November 2020, the bill of the Independence of Central Bank passed the Senate , by 56 votes to 12. And on 10 February 2021, in the Chamber of Deputies was approved by 339 votes in favor and 114 against without changes, going to President Jair Bolsonaro 's sanction, generating

3060-523: The 74 recovered from Turan's. Additionally, 22 swaddled babies were found dedicated to Uni, where two were found dedicated to Turan. Both sanctuaries featured two votive breasts. It has been suggested that this difference could represent specialisation of offerings. An Etruscan sanctuary at Poggio Colla , located near the town of Vicchio in the Mugello region of northern Tuscany , was part of an ongoing archaeological project run from 1995 until 2015 by

3145-576: The 7th century. However, they did not displace commodity money and were used alongside coins. In the 13th century, paper money became known in Europe through the accounts of travellers, such as Marco Polo and William of Rubruck . Marco Polo's account of paper money during the Yuan dynasty is the subject of a chapter of his book, The Travels of Marco Polo , titled " How the Great Kaan Causeth

3230-565: The Bark of Trees, Made Into Something Like Paper, to Pass for Money All Over his Country ." Banknotes were first issued in Europe by Stockholms Banco in 1661 and were again also used alongside coins. The gold standard , a monetary system where the medium of exchange are paper notes that are convertible into pre-set, fixed quantities of gold, replaced the use of gold coins as currency in the 17th–19th centuries in Europe. These gold standard notes were made legal tender , and redemption into gold coins

3315-637: The Etruscan Spurinas designated vota to Uni alongside Tinia and Thesan . Three gold plaques were excavated from the site in 1964, two written in Etruscan, and one in Phoenecian . The two longer Etruscan and Phoenecian inscriptions clarify the dedication of the temple was to unialastres as the genitive form of uni-astre , an amalgamated goddess of the Etruscan Uni as uni and Phoenecian Astarte as astre. The dedication came from

3400-584: The Federal Complementary Law No. 179 of 24 February 2021. With the Federal Complementary Law No. 179 of 24 February 2021, it became autonomous, in addition to gaining a new organizational structure. Monetary Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts , such as taxes , in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange ,

3485-488: The Greek myth remain intact; Elcsntre ( Paris or Alexander = Elcsntre), as guided by Turms ( Hermes ), must choose who is ‘the fairest’ between Menrva, Uni, and Turan ( Aphrodite ) to be the recipient of a gifted egg ( golden apple ) which had been presented at the wedding of Peleus and Thetis . Where Elcsntre could not easily choose between the three goddesses, they then resorted to bribing him. Etruscan interpretation of

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3570-569: The Heavens into sixteen different cosmological regions. Reflected in the Piacenza Liver , deities were assigned respective ‘houses’ where labels were inscribed into the sixteen sections of the bronze work. Etruscan temples held no unified orientation; temples dedicated to Uni have commonly been found to be oriented southwest, and dedications to Tinia oriented south, unlike Greek temples which have been found to all be usually directed east. It

3655-545: The Hercle's welcome initiation to godhood; it has also been suggested that the scene represents Uni and Hercle's reconciliation, where the Etruscan recount accurately represents the meaning of Hercle's Greek name "Glory of Hera". The Judgement of Elcsntre (equivalently known in Greek terms as the Judgement of Paris ) is secondarily notable as a myth often represented on Etruscan terms through bronze mirrors. The major themes of

3740-604: The Latin Iuno ( Juno ) originated from Etruscan, changed from a feminine -i Etruscan ending. As most of Etruscan literature has not survived through time, mythological stories involving the Etruscan gods have been largely interpreted through engraved scenes in bronze mirrors, and other mixed media artworks. A notable mirror from Volterra depicts Uni nursing an adult demigod Hercle (the Greek Heracles or Roman Hercules ). Tinia , amongst other gods present at

3825-626: The Mechanism of Exchange (1875) , William Stanley Jevons famously analyzed money in terms of four functions: a medium of exchange , a common measure of value (or unit of account ), a standard of value (or standard of deferred payment ), and a store of value . By 1919, Jevons's four functions of money were summarized in the couplet : This couplet would later become widely popular in macroeconomics textbooks. Most modern textbooks now list only three functions, that of medium of exchange , unit of account , and store of value , not considering

3910-558: The Mugello Valley Archaeological Project and Poggio Colla Field School (PCFS). Excavations over the 21-season project potentially suggested Uni as the nominal deity of the area, with the uncovering of a bucchero vase depicting a, potentially sacred, birth scene, ritual behaviour at west of the sanctuary's network, and other dedications made by women. In 2015, the Vicchio Stele was excavated from

3995-461: The bank or financial institution any prior notice. Banks have the legal obligation to return funds held in demand deposits immediately upon demand (or 'at call'). Demand deposit withdrawals can be performed in person, via checks or bank drafts, using automatic teller machines (ATMs), or through online banking . Commercial bank money is created by commercial banks whose reserves (held as cash and other highly liquid assets) typically constitute only

4080-471: The books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries. 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

4165-431: The business policies of commercial banks and the preferences of households - factors which the central bank can influence, but not control completely. Contemporary central banks generally do not control the creation of money, nor do they try to, though their interest rate-setting monetary policies naturally affect the amount of loans and deposits that commercial banks create. The development of computer technology in

4250-420: The claim will not be fulfilled if the financial institution becomes insolvent. The money multiplier theory presents the process of creating commercial bank money as a multiple (greater than 1) of the amount of base money created by the country's central bank , the multiple itself being a function of the legal regulation of banks imposed by financial regulators (e.g., potential reserve requirements ) beside

4335-558: The coin. The rationale for this is that emphasis is laid on their direct link to the prevailing value of their fine gold content. American Eagles are imprinted with their gold content and legal tender face value . In 1875, the British economist William Stanley Jevons described the money used at the time as " representative money ". Representative money is money that consists of token coins , paper money or other physical tokens such as certificates, that can be reliably exchanged for

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4420-414: The common currency within an economy. Money is the most liquid asset because it is universally recognized and accepted as a common currency. In this way, money gives consumers the freedom to trade goods and services easily without having to barter. Liquid financial instruments are easily tradable and have low transaction costs . There should be no (or minimal) spread between the prices to buy and sell

4505-644: The demand for paper notes to fall to zero. The printing of paper money was also associated with wars, and financing of wars, and therefore regarded as part of maintaining a standing army . For these reasons, paper currency was held in suspicion and hostility in Europe and America. It was also addictive since the speculative profits of trade and capital creation were quite large. Major nations established mints to print money and mint coins, and branches of their treasury to collect taxes and hold gold and silver stock. At this time both silver and gold were considered legal tender , and accepted by governments for taxes. However,

4590-449: The dollar to gold. After this many countries de-pegged their currencies from the U.S. dollar, and most of the world's currencies became unbacked by anything except the governments' fiat of legal tender and the ability to convert the money into goods via payment. According to proponents of modern money theory , fiat money is also backed by taxes. By imposing taxes, states create demand for the currency they issue. Heterodox In Money and

4675-582: The earliest uses of credit , cheques , savings accounts , transactional accounts , loaning, trusts , exchange rates , the transfer of credit and debt , and banking institutions for loans and deposits . In Europe, paper money was first introduced in Sweden in 1661. Sweden was rich in copper, thus, because of copper's low value, extraordinarily big coins (often weighing several kilograms) had to be made. The advantages of paper currency were numerous: it reduced transport of gold and silver, and thus lowered

4760-420: The early 12th century the government finally took over these shops to produce state-issued currency. Yet the banknotes issued were still regionally valid and temporary; it was not until the mid 13th century that a standard and uniform government issue of paper money was made into an acceptable nationwide currency. The already widespread methods of woodblock printing and then Pi Sheng 's movable type printing by

4845-506: The early 2000s. Early examples include Ecash , bit gold , RPOW , and b-money . Not much innovation occurred until the conception of Bitcoin in 2008, which introduced the concept of a decentralised currency that requires no trusted third party . When gold and silver were used as money, the money supply could grow only if the supply of these metals was increased by mining. This rate of increase would accelerate during periods of gold rushes and discoveries, such as when Columbus traveled to

4930-518: The expectation of towns to dedicate temples to Tinia, Uni, and Menrva at the end of three roads, leading to three gates, as a part of Etrusca disciplina . Further, it was suggested by Vitruvius that these such temples should have been located on the most elevated sites of the town, and spread apart from one another. Uni was worshipped both individually at dedicated shrines, and alongside other deities as part of large public sanctuaries throughout Etruria. Established cults to Uni worshipped her status as

5015-549: The government declares the fiat currency (typically notes and coins from a central bank, such as the Federal Reserve System in the U.S.) to be legal tender , making it unlawful not to accept the fiat currency as a means of repayment for all debts, public and private. Some bullion coins such as the Australian Gold Nugget and American Eagle are legal tender, however, they trade based on

5100-633: The instrument being used as money. Many items have been used as commodity money such as naturally scarce precious metals , conch shells , barley , beads, etc., as well as many other things that are thought of as having value . Commodity money value comes from the commodity out of which it is made. The commodity itself constitutes the money, and the money is the commodity. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, rice, Wampum , salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, candy, etc. These items were sometimes used in

5185-468: The largest part of broad money in developed countries. In most countries, the majority of money is mostly created as M1/M2 by commercial banks making loans. Contrary to some popular misconceptions, banks do not act simply as intermediaries, lending out deposits that savers place with them, and do not depend on central bank money (M0) to create new loans and deposits. "Market liquidity" describes how easily an item can be traded for another item, or into

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5270-537: The last countries to break away from the gold standard was the United States in 1971. No country anywhere in the world today has an enforceable gold standard or silver standard currency system. Commercial bank money or demand deposits are claims against financial institutions that can be used for the purchase of goods and services. A demand deposit account is an account from which funds can be withdrawn at any time by check or cash withdrawal without giving

5355-509: The market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt. Money acts as a standard measure and a common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems like double-entry bookkeeping . While standard of deferred payment

5440-651: The mass of something like 160 grains of barley . The first usage of the term came from Mesopotamia circa 3000 BC. Societies in the Americas, Asia, Africa and Australia used shell money —often, the shells of the cowry ( Cypraea moneta L. or C. annulus L. ). According to Herodotus , the Lydians were the first people to introduce the use of gold and silver coins . It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. The system of commodity money eventually evolved into

5525-537: The military, and backing of state activities. Silver coins were used for midsized transactions, and as a unit of account for taxes, dues, contracts, and fealty, while copper coins represented the coinage of common transaction. This system had been used in ancient India since the time of the Mahajanapadas . In Europe, this system worked through the medieval period because there was virtually no new gold, silver, or copper introduced through mining or conquest. Thus

5610-406: The money can also define rules for its replacement in case of damage or destruction. For example, the U.S. government will replace mutilated Federal Reserve Notes (U.S. fiat money) if at least half of the physical note can be reconstructed, or if it can be otherwise proven to have been destroyed. By contrast, commodity money that has been lost or destroyed cannot be recovered. These factors led to

5695-434: The most beautiful women in the world as his wife. Uniquely, Uni is depicted in a different manner which does not entirely correspond to the Greek origin of the myth. Amongst different mirrors, she has been depicted as being nude, or fully clothed but holding a pomegranate branch with three pieces of fruit, which has generally not been interpreted as the offering of political power from the Greek myth. Instead rather while there

5780-448: The non-existence of the coincidence of wants. Having a medium of exchange can alleviate this issue because the former can have the freedom to spend time on other items, instead of being burdened to only serve the needs of the latter. Meanwhile, the latter can use the medium of exchange to seek for a party that can provide them with the item they want. A unit of account (in economics) is a standard numerical monetary unit of measurement of

5865-413: The overall ratios of the three coinages remained roughly equivalent. In premodern China , the need for credit and for circulating a medium that was less of a burden than exchanging thousands of copper coins led to the introduction of paper money . This economic phenomenon was a slow and gradual process that took place from the late Tang dynasty (618–907) into the Song dynasty (960–1279). It began as

5950-416: The real value of debts may change due to inflation and deflation , and for sovereign and international debts via debasement and devaluation . To act as a store of value , money must be able to be reliably saved, stored, and retrieved—and be predictably usable as a medium of exchange when it is retrieved. The value of the money must also remain stable over time. Some have argued that inflation, by reducing

6035-439: The risks; it made loaning gold or silver at interest easier since the specie (gold or silver) never left the possession of the lender until someone else redeemed the note; and it allowed for a division of currency into credit and specie backed forms. It enabled the sale of stock in joint stock companies , and the redemption of those shares in the paper. However, these advantages are held within their disadvantages. First, since

6120-409: The ruler of Caere , in gratitude for her support of his reign. The shorter of the Etruscan inscriptions outlines distinct annual rituals which took place to ensure the ongoing purity of the temple. At the port of Gravisca in the 6th century BC, Uni was worshipped amongst other Etruscan and pan-Hellenic deities in a large network of sanctuaries. Dedication to Uni was aggregated in a singular room at

6205-478: The sanctuary in the southern area of the complex. Nearby, a similar room was dedicated individually to Turan . Both rooms featured statuettes of swaddled babies, and a myriad of votive anatomical dedications such as breasts and uteri. There is little difference between type of votive offering presented to Uni and Turan, however the numbers of these votives differentiate the rooms comparatively; 145 votive uteri were excavated from Uni's dedicated sanctuary, compared to

6290-417: The scene, points to a tablet with the inscription indicating the significance of the event: "eca: sren: tva: iχnac hercle:unial clan: θra:sce" meaning "this picture shows how Hercle became Uni's son". In other depictions of this myth, deities such as Menrva, Turan , and Mean - the goddess of victory - are present as part of an animated crowd bearing witness to the adoption. The motif of Hercle suckling Uni

6375-476: The seasons and in alignment with the difference in sunset and sunrise positions throughout the year. Where the temple of Fontanile di Legnisina dedicated to Uni found in Vulci, is located in the fixed terrestrial region number 10, and its entrance is opposite to region number 2 rather than 4, the non-corresponding position by two regions is explained by this theory of a “rotating Etruscan heaven”. Similarly, at Pyrgi,

6460-437: The second part of the twentieth century allowed money to be represented digitally. By 1990, in the United States all money transferred between its central bank and commercial banks was in electronic form. By the 2000s most money existed as digital currency in bank databases. In 2012, by number of transaction, 20 to 58 percent of transactions were electronic (dependent on country). Anonymous digital currencies were developed in

6545-423: The shift of the store of value being the metal itself: at first silver, then both silver and gold, and at one point there was bronze as well. Now we have copper coins and other non-precious metals as coins. Metals were mined, weighed, and stamped into coins. This was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they also created

6630-474: The specific offerings presented is not clear due to the lack of written sources, and various different representations on a number of mirrors, however there are common representations of Menrva's and Turan's gifts in alignment with their Greek counterparts. Menrva's spear and a wreath are often depicted, as representative of offered glory in battle. Turan is often depicted holding branches of flowers and displaying her body, representative of her offering to Elcsntre

6715-425: The value of money, diminishes the ability of the money to function as a store of value. The functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, money must be: In economics, money is any financial instrument that can fulfill the functions of money (detailed above). These financial instruments together are collectively referred to as

6800-473: The way the stele was placed in the foundations of the temple, and where it may mention a goddess presiding over birth, potentially connecting her as the patron divinity of the cult at Poggio Colla, along with brief mention of her consort Tinia. Part of the text which has been deciphered seems to display requirements of practice for the cult, demanding two objects of something for Tinia, “in the place of Uni”. Archeologists have stated that "The centre of worship

6885-399: The world followed Gresham's law : keeping gold and silver paid but paying out in notes. This did not happen all around the world at the same time, but occurred sporadically, generally in times of war or financial crisis, beginning in the early part of the 20th century and continuing across the world until the late 20th century, when the regime of floating fiat currencies came into force. One of

6970-586: Was an Etruscan goddess of the Veientes , who was adopted ceremonially into the Roman pantheon when Veii was sacked in 396 BC. This seems to refer to Uni. She also appears on the Liver of Piacenza . The name Uni is of uncertain etymology, however may be related to an Indo-European root iuni meaning "young", connecting to her association with fertility, love, and marriage. In relation, it has also been suggested that

7055-471: Was an underground fissure that was ritually treated after the destruction of the temple," and that. "Underground cults of this type were often associated with female divinities." The university of Florence is currently undertaking the process of 3D documentation of the Vicchio Stele in order to create a more complete reconstruction of the entire text. In a practice that has been argued by scholars as having originated in Etruria, Etrusca disciplina divided

7140-482: Was discouraged. By the beginning of the 20th century, almost all countries had adopted the gold standard, backing their legal tender notes with fixed amounts of gold. After World War II and the Bretton Woods Conference , most countries adopted fiat currencies that were fixed to the U.S. dollar . The U.S. dollar was in turn fixed to gold. In 1971 the U.S. government suspended the convertibility of

7225-594: Was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located. The name "Juno" may have derived from the Etruscan goddess Uni and "Moneta" either from the Latin word "monere" (remind, warn, or instruct) or the Greek word "moneres" (alone, unique). In the Western world a prevalent term for coin-money has been specie , stemming from Latin in specie , meaning "in kind". The use of barter -like methods may date back to at least 100,000 years ago, though there

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