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Money and Finance: Crash System Economics #11





So, we have been putting off a form of essential query here. What is dollars? What is currency? How are the two distinctive. Well, not to give absent too a lot, but dollars has a several essential features. It functions as a retailer of benefit, a medium of trade, and as a device of account. Money just isn’t just bills and coins. It can be just about anything that fulfills these 3 requirements. In US prisons, seemingly, pouches of Mackerel are currency. Certainly, mackerel the fish. Paper and coins do the job as dollars mainly because they are backed by the government, which is an edge around mackerel. So, after you’ve got received dollars, you want finance. We are going to converse about borrowing, lending, curiosity, and stocks and bonds. Also, this episode capabilities a giant zucchini, which Adriene grew in her garden. So that’s interesting.

Unique many thanks to Dave Hunt for authorization to use his PiPhone movie. this guy definitely did make an artisanal smartphone!
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44 comments

  1. 10 bitcoin for 1 zucchini?
    hell not

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  2. Damn that pizza looked good

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  3. قناة ممتعه

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  4. افضل قناة

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  5. looks sadly down at zucchini

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  6. 43000$ for a zucchini?!

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  7. Why is a plastic bust of Karl in the background?

    That's kindve ironic.

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  8. This video just summarized the first term material we teach in secondary schools in Hungary :'D

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  9. So you want me to pay 10 Bitcoin ($33,000.00 USD) for that zucchini.

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  10. It's funny most people banging their heads making money never know what money is. Nice vid, love you two.

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  11. This video was created 3 years ago when 1 bitcoin was worthless. Stop your ridiculous nasty comments.

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  12. 7:17 So… God invested in your lemonade stand?

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  13. I use this to study and it helps me a lot

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  14. Hi sexy guy

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  15. They should have seen the "Money & Debt: Crash Course World History 202" before doing this one. The history of money is once again wrong.

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  16. I'd give her a real Zucchini

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  17. If I'm willing to pay 10 Bitcoin for a zucchini it better contain the Holy Grail inside!

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  18. Cryptos

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  19. you are amazing guys ty!

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  20. Some notes if anyone needs em!

    -Barter system is the alternative to money, but is highly inefficient
    -Money serves as a medium to exchange, store of value, and a unit of account
    -In the past we had the gold standard which connected each dollar to a value of gold
    -Stock market is part of the Financial system which is composed of Lenders (corporations and households) and borrowers (households, businesses, governments)
    -Financial system = a network of institutions, markets, and contracts that brings lenders and borrowers together
    -3 ways this happens: banks, bonds, stock market
    -Banks deal with debt, stocks deal with equity (the difference between the value of assets/ interests and the cost of the liabilities of something owned)
    -Financial instrument = a tradeable asset of any kind
    -Banks are Financial Institutions = an establishment that conducts financial transactions such as investments, loans, and deposits

    Reply
  21. http://share.robinhood.com/laceyr1
    Get free share with my referral link to Robinhood 🙂 I got one from someone else's link here on YouTube!!

    Reply
  22. Others have made the same comments, but here it is: barter systems have no existed in the past, the economy was always originally a credit one. See David Graeber for a great book/talk on debt and money.

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  23. 10 Bitcoins equal – $15,800 USD – 6 May 2017

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  24. You talked about money and completely ignored the most prevalent type of money, namely bank liabilities.

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  25. Why THE FLIP does she keep bringing up the zombie apocalypse

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  26. shoulda called "cash course"
    haha

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  27. Every time some one talks about economics I immediately zone out!!!! Whyyyyy???!!!

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  28. wowwww….

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  29. I like that giant limestone money idea.. 😀

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  30. The difference between the value of the assets/interest and the other cost of the liabilities of something owned is called_____?? Please help

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  31. What does DFTBA mean?

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  32. Awesome.

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  33. there is actually not much evidence of barter systems existing. it seems a form of gift giving existed, likely people mentally tracked what had been given

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  34. there is actually not much evidence of barter systems existing. it seems a form of gift giving existed, likely people mentally tracked what had been given

    Reply
  35. This channel is awesome how ı can't find earlier poor me 🙁

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  36. WTF is with the zucchini?!?!

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  37. Comments

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  38. I started sleeping half way through. Now have totake a nap. FML.

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  39. 6:38 "the bank takes part of the money to cover their costs and passes the rest to the depositer…" hahaha I wish the reality was like that but I think the right way to explain it is: "the bank takes a huge amount of the money to cover its costs and make massive profits and give the depositer a pathetic interest rate"

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  40. I'm I the only one who noticed the error when she said theirs only to groups in the financial system. But at the end she adds a third group

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  41. Loved this video

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  42. where did you get this african zucchini.?

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  43. That zucchini must have gold in it

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  44. I think we all know what she did with that zucchini

    Reply

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