Money Matters: Navigating Legal Tender, Bitcoin, Cheques, High-Powered money

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Prabh Kirpa Classes

Language of video: EN (English)

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This course includes:

01h 12m on-demand videos

0 downloadable resources

Full lifetime access

Certificate of completion

Level:
Beginner
What are We Going to Teach:

Students will learn about  Legal Tender, Bitcoin, Cheques, High-Powered money.

Target Audience:
  • Students, business man and general public
Course objective:
  • Legal tender, High-Powered Money and Fiduciary Money
  • What is the meaning of Legal tender in the context of currency?
  • What are the two types of legal tender money?
  • Whether bitcoin and cheques are legal tender money?
  • What is the meaning of High-Powered Money and Fiduciary Money?
  • How does the Central Bank exert control over the dynamics of high-powered money?
Course prerequisites:
  • Basic understanding of economic principles such as supply and demand, inflation and interest rates

Description :

What is the meaning of legal tender?

Whether legal tender status accorded to a particular currency denomination can be withdrawn by the government?

What is meant by limited legal tender? Why the limited legal tender has come in to existence?

What is the meaning of unlimited legal tender?

Whether bitcoin is a legal tender?

Whether individuals and businesses are legally bound to accept the cheques as legal tender money?

Why cheques are also called optional money?

What is meant by high powered money?

How does the Central Bank manage the supply of  high-powered money?

What is meant by fiduciary money?

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Course Content : Expand all sections

  • 2 sections
  • 7 lectures
  • 01h 12m total length

What is the meaning Legal tender? What are the two types of legal tender money? Whether cheques and bitcoins are legal tenders? What is meant by high-powered money? How does the Central Bank control the supply of high-powered money? What is meant by Fiduciary Money?

What is the meaning of legal tender? Whether legal tender status accorded to a particular currency denomination can be withdrawn by the government?

What is meant by limited legal tender? Why the limited legal tender has come in to existence? What is the meaning of unlimited legal tender?

Whether bitcoin is a legal tender?

Whether individuals and businesses are legally bound to accept the cheques as legal tender money? Why cheques are also called optional money?

What is meant by high powered money? How does the Central Bank manage the supply of high-powered money?

What is meant by fiduciary money?

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