Home » Money and Finance: Crash Course Economics #11 finance course

Money and Finance: Crash Course Economics #11 finance course

by haisanPHANTHIET



So, we’ve been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn’t just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they’re backed by the government, which is an advantage over mackerel. So, once you’ve got money, you need finance. We’ll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that’s cool.

Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone!
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34 comments

BananaWithAFace 08/12/2021 - 11:16 Chiều

Oh, continue.

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BananaWithAFace 08/12/2021 - 11:16 Chiều

Why the pizza?

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sirLiridon. 08/12/2021 - 11:16 Chiều

It’s impossible not to relate that zucchini to a bbc immediately in one’s mind.

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gavin mook 08/12/2021 - 11:16 Chiều

2:08 Ruffles Bag Easter Egg

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Grace Lewis 08/12/2021 - 11:16 Chiều

The level of confused I am is astounding. 😑

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Libby . Broadway 08/12/2021 - 11:16 Chiều

CAN SOMBODY HELP ME?

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Arya Shah 08/12/2021 - 11:16 Chiều

So a ZUCCHINI is worth 90000 dollars?

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ailee 08/12/2021 - 11:16 Chiều

Anyone else think Jacob can like, get it

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M H 08/12/2021 - 11:16 Chiều

You guys are so awesome!! One of the most boring subjects has changed into one of the most interesting ones! Thank you!!

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Thygo Van Engeland 08/12/2021 - 11:16 Chiều

Bitcoin is a lot more than "just a coin"

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Bakri 08/12/2021 - 11:16 Chiều

do you know the amount of memes can be done with you holding that zucchini?

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shxvxm 08/12/2021 - 11:16 Chiều Reply
theANN_ 08/12/2021 - 11:16 Chiều

She was giving it that look 0:22

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Marcus Smart 08/12/2021 - 11:16 Chiều

I want money to be digital – kryptocurrency!

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Daniel John Kirby 08/12/2021 - 11:16 Chiều

Now I'm imagining somebody tryna steal 4 tons of limestone.

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Saif Ahmed 08/12/2021 - 11:16 Chiều

Today the value of 1 bitcoin is $7.5K

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Kurtis Piper 08/12/2021 - 11:16 Chiều

Whatcha doin with that zucchini baby😏🤭

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Viv Lehman 08/12/2021 - 11:16 Chiều

I would've taken the zucchini

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Morgan Armitage 08/12/2021 - 11:16 Chiều

Typical day of the day and the day is going yt I have to go get food and food is great food is good but they can’t get

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Aye Aye 08/12/2021 - 11:16 Chiều

my econ teacher got me writing a half page essay on this video bruh 😪

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Blue Heaven Fx 08/12/2021 - 11:16 Chiều

the week of 14th of cotober 2015, 1 bitcoin was going 250 USD, 10 bitcoins for that vegi ? for an update even during the covid pandemic april 2020 btc is going for 7k a pop,

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Blue Heaven Fx 08/12/2021 - 11:16 Chiều

i wish you guys done a bit more detail on fiat currency

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Haik Ghulyan 08/12/2021 - 11:16 Chiều

the guy: we dont need these green sheets of paper

Also him: you can support us with your green sheets of paper

we dont need them but they do coincidence i think not.

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Pierce Kiser 08/12/2021 - 11:16 Chiều

If you buy a bond and then sell it to another person does that person then inherit the regular interest payments.

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T - Squared 08/12/2021 - 11:16 Chiều

Quality Quarters,an interesting investing method I show you in one of my videos!

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thekaxmax 08/12/2021 - 11:16 Chiều

Note: bitcoin &c are not money and are not currency, it is a commodity. Transactions are too slow to use as currency, and that's inherent to the system.

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T - Squared 08/12/2021 - 11:16 Chiều

My stocks are doing great,always do in any market,see them in my videos,now off to a good nights sleep!!!

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saganakí 08/12/2021 - 11:16 Chiều

Ok.. so i take it a large number of you here is students who have economics / finance tests tommorow right?

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Insert Comma Name 08/12/2021 - 11:16 Chiều

What’s up Greg?

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mohamed talha 08/12/2021 - 11:16 Chiều

I didn’t get how money gets its value ? and why some currencies are more valuable than others ?

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Jaxon Holden 08/12/2021 - 11:16 Chiều

And I agree the gold standard is unlikely to return, but the reason for that is self interest. Incentive, as you so rightly put it. Politicians and bankers don’t want to enact a gold standard because politicians and bankers don’t want restrictions on how much they can spend and how much money they can print without end. It is in their own self interest to keep the gold standard, which would enforce fiscal responsibility, extinct.

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Jaxon Holden 08/12/2021 - 11:16 Chiều

Gold standard kept central banks and sovereign governments from unbridled spending. Debt skyrocketed as soon as the gold standard was ended in the 70’s. Currencies are now subject to inflation. This is why owning gold is so important, and it’s why central banks worldwide store thousands of tons of gold and even now are buying more gold for their reserves. As JP Morgan said, “gold is money, everything else is credit”.

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Nahid S 08/12/2021 - 11:16 Chiều

economics is stock market idiot

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Akshay Iyer 08/12/2021 - 11:16 Chiều

Great list of crash courses

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