What is Helicopter Money and Quantitative Easing
Helicopter Money and Quantitative Easing (QE) are the two new phrases that are being repeatedly used in political and economic...
What is money?
“You can’t buy happiness through money, but there is a lot of other stuff that you can buy.”
People use the money to buy goods and services, and also to invest. Money has several denominations such as coins and rupee notes in India, dollar bills and cents in the United States of America. Every country has its currency. The United States currency is a dollar bill, Indian currency is ₹, and in the UK, the currency is Pound Sterling.
Each denomination has its significance that is considered during a trade. For example: If you buy chocolate of 4$ in the US, the following will be the denomination:
This is a 1$ bill and if you use 4 of them, it will be 1$ + 1$ + 1$ + 1$ = 4$
Or you can also use a 5$ bill to spend on it. Register for a FREE trial or upgrade to Premium Plan to unlock this content!This content is locked
Power Words
- Demonetization
- Circulation
- Denomination
- Currency
- Import
- Export
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