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Topic: Monetary unit


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  EH.Net Encyclopedia: Monetary Unions
Although some sources extend the definition to include the monetary regimes of national federations such as the United States or of imperial agglomerations such as the old Austro-Hungarian Empire, the conventional practice is to limit the term to agreements among units that are recognized as fully sovereign states under international law.
Similarly, monetary authority may continue to be exercised in some degree by individual governments or, alternatively, may be delegated not to a joint institution but rather to a single partner such as the United States.
The idea of monetary union among sovereign states was widely promoted in the nineteenth century, mainly in Europe, despite the fact that most national currencies were already tied together closely by the fixed exchange rates of the classical gold standard.
eh.net /encyclopedia/article/cohen.monetary.unions   (3259 words)

  
 Flight From Inflation
Again, the monetary unit is generally assumed to be substantially constant in value, but at times this assumption of stability has to be abandoned, with the result that accounting conventions have to be modified.
These considerations have additional force where the implicit assumption that the monetary unit remains stable is widely at variance with reality—as for instance, in the case of property acquired before a decline in the purchasing power of the monetary unit such as occurred between 1913 and 1920.
We can devise a monetary system such that the issuance of monetary units not matched by value units will be minimized to the point where accountancy can become precision accountancy—using that term in the usual sense with allowance for permissible tolerance.
www.wepin.com /Review/FFI/EssayDollars.html   (1273 words)

  
 Monetary History Glossary
A monetary standard in which the monetary unit was defined as consisting of either a certain quantity of silver or a certain quantity of gold.
A monetary standard which defines the monetary unit of a country as consisting of a certain amount of gold.
The government agency responsible for the coinage of the monetary unit.
www.micheloud.com /FXM/MH/Glossary.htm   (1097 words)

  
 Monetary-Unit Sampling Using Microsoft Excel
Tolerable misstatement is the maximum monetary misstatement in an account balance that can exist, when combined with misstatement in other accounts, without causing the financial statements to be materially misstated.
Although based on attribute sampling principles, the objective of MUS (estimating the monetary misstatement in the population) is quite different from the objective of “traditional” attribute sampling (estimating the population misstatement rate).
The type of exception (overstatement or understatement) must be considered because it has important implications for the estimate of monetary misstatement in the population.
www.nysscpa.org /cpajournal/2005/505/essentials/p36.htm   (2421 words)

  
 Flight From Inflation
This divisive system, which makes each nation's unit of account alien to all others and thereby impedes international trade and intercourse, may be observed in the tabulation of foreign exchange quotations reproduced in Table 2.
Monetary management, more properly called monetary maneuver, is now so universal that it is difficult to accurately observe this international inflationary effect.
The criterion unit itself now varies from day to day, and it is impossible to measure the variability of monetary units in terms of a variable.
www.wepin.com /Review/FFI/01StormWinds.html   (1786 words)

  
 NetLingo: Digital Cash, the Arguement for Monetary Freedom
The monetary symbol "pvu" is an abbreviation for "private value units", which now compete in most commercial settings with the US Dollar and have stayed remarkably stable since their initial issuance in mid-1996.
Since electronic monetary units on a client/server network can return to the issuer almost instantaneously, extreme diligence is required in accounting for digital cash and tracking redemption patterns.
Since American Express's private monetary unit will be the first non-governmental unit of account, it is difficult to compare to other products, but it is fair to say that from a trade perspective American Express will benefit in much the same way that the United States benefits when products globally are priced in US Dollars.
www.netlingo.com /more/digitalcash.html   (3905 words)

  
 Monetary Central Planning and the State, Part 34: Free Banking and the Political Case against Central Banking
Monetary central planners, like any other type of central planner, of course, lack the perfect knowledge to manipulate the money supply with the "scientific precision" necessary to stimulate the desired amount of production and employment when it would be most optimal in an electoral cycle.
Because politics can influence the monetary policy decisions of the central bank, the case has often been made that the best answer to this dilemma is to make the central bank as independent as possible.
Unless something is done to change the monetary regime, people's memories of high inflation are likely to recede over time, and with this their fear of inflation.
www.fff.org /freedom/1099b.asp   (1116 words)

  
 Stabilization of the Monetary Unit (1923)
To stabilize the relative value of the monetary unit beyond a nation’s borders, it is not enough simply to free the formation of monetary value from the influence of government.
The value of the monetary unit should be [legally defined and] stabilized in terms of gold at the rate (ratio) which prevails at the moment.
In its eyes, monetary depreciation is not considered the inevitable outcome of a certain pattern of economic conditions, as it is by adherents of the “balance of payments” doctrine discussed in the preceding section.
www.mises.org /manipulation/section1.asp   (16899 words)

  
 Add-Only Memory for Secure Storage of Monetary Equivalent Data - Maxim/Dallas
Monetary units are added by changing 1 bits to 0 bits starting from the least significant bit of each page and progressing toward the most significant bit.
Monetary units are debited by changing 1 bits to 0 bits starting from the most significant bit of each page and progressing toward the least significant bit.
With this technique, assuming the credit units and debit units have equal value, a 1024 bit memory could credit and debit 512 monetary units before it was used up.
www.maxim-ic.com /appnotes.cfm/appnote_number/84   (2547 words)

  
 Currency - Wikipedia, the free encyclopedia
Member countries of the European Monetary Union are a notable exception to this rule, as they have ceded control of monetary policy to the European Central Bank.
The solution which evolved beginning in the late 18th century and through the 19th century was the creation of a central monetary authority which had a virtual monopoly on issuing currency, and whose notes had to be accepted for "all debts public and private".
A banknote (more commonly known as a bill in the United States and Canada) is a type of currency, and commonly used as legal tender in many jurisdictions.
en.wikipedia.org /wiki/Monetary_unit   (2418 words)

  
 Weights
unit in 621 A.D. in the Tang dynasty.
Qian had been a monetary unit since the Han, but most coins were named after their weight like the Ban Liang and the Wu Zhu.
The Jin was initially, before the Han, a monetary unit, and later it became a unit of weight.
chinesecoins.lyq.dk /weights.html   (1231 words)

  
 Money and Accounting Relationships
Corresponding to this principle is a fragment of the definition of assets, according to which measurability in monetary units is a necessary condition for the economic means to be qualified as assets.
Inflation-inducing change in monetary unit creates further, as yet unresolved theoretical problems in financial accounting, particularly for financial and economic reporting and analysis, thus interfering with and decreasing the reliability of financial statement information.
As such theory of monetary unit as unit of account is an essential part of accounting theory.
aux.zicklin.baruch.cuny.edu /critical/html2/7060dobija.htm   (7425 words)

  
 Money - Wikipedia, the free encyclopedia
It should be fungible: that is, one unit or piece must be exactly equivalent to another, which is why diamonds, works of art or real estate are not suitable as money.
Money also is typically that which has the least declining marginal utility, meaning that as you accumulate more units of it, each unit is worth about the same as the prior units, and not substantially less.
In the United States, the Federal Reserve is responsible for controlling the money supply, while in the Euro area the respective institution is the ECB.
en.wikipedia.org /wiki/Money   (2944 words)

  
 EFF:   (Site not responding. Last check: 2007-10-13)
Digital Cash and Monetary Freedom Jon W. Matonis April, 1995 Presented at INET '95 Internet Society Annual Conference Honolulu, Hawaii June 26-30, 1995 Abstract Much has been published recently about the awesome promises of electronic commerce and trade on the Internet if only a reliable, secure mechanism for value exchange could be developed.
Hypothetically, it would have the following monetary unit prefix designations: kilo- (1,000) hecto- (100) deka- (10) base unit name (1) deci- (0.1) centi (0.01) milli (0.001) The base unit name becomes the unit which is being distributed, such as a pvu in the 2005 example.
Managing a Non-political Unit of Value After initial issuance and circulation, the digital cash providers must turn their attention to the management of the monetary unit if it is to survive in an ultra-competitive environment.
www.eff.org /Privacy/Digital_money/?f=matonis_on_dig_cash.paper.txt   (3997 words)

  
 ACU - CHAPTER II
CHAPTER II (a) The accounts of the Asian Clearing Union shall be kept in a common unit of account hereby designated as the "Asian Monetary Unit", which may be referred to in the abbreviated form as "AMU".
(d) In the event of a change in the value of the Asian Monetary Unit by the Board of Directors, the outstanding net debtor and creditor positions as of the date of this change including accrued interest shall be settled on the basis of the value of the Asian Monetary Unit preceding such change.
Thus, for this purpose, participants may allow the conversion of their currencies into Asian Monetary Units or into those of other participants in respect of payment receipts at rates which are more favourable than those for dealings outside the clearing facility.
www.asianclearingunion.org /chapter2.asp   (1374 words)

  
 Wikinfo | Unit
In most physical contexts, 'unit' is used to mean a physical unit
A unit vector is a vector with length one.
Images, some of which are used under the doctrine of Fair use or used with permission, may not be available.
www.wikinfo.org /wiki.php?title=unit   (177 words)

  
 Capitalism Magazine: Deflation: The Basics by Don Luskin   (Site not responding. Last check: 2007-10-13)
As a monetary process, it is totally a function of the Federal Reserve's management of monetary policy.
Unfortunately, maintaining the unit of account is not as easy as maintaining a constant value for a unit of measurement such as the meter.
Many observers favor gold as the monetary equivalent of an iodine stabilized laser -- it can be instantaneously repriced in the spot commodities markets and there are relatively few outside influences changing its supply or demand: its supply is fairly fixed, and the industrial demand for it is small.
www.capmag.com /articlePrint.asp?ID=1280   (1528 words)

  
 Controlling the price level American Journal of Economics and Sociology, The - Find Articles
In the United States for many years, a metal bar stored in Washington determined the length of the yard (now the reference unit is a multiple of the wavelength of cesium).
We teach today in the context of modern monetary institutions that the dollar is both a unit of value and a store of value.
Because all modern governments issue currency denominated in their own monetary units, monetary economics has blurred the distinction between the monetary unit as an abstract unit, like the yard, and the store of value, analogous to the yardstick.
findarticles.com /p/articles/mi_m0254/is_1_64/ai_n13797627   (698 words)

  
 A Bief Description
The present value test is a means of verifying the monetary unit’s ability to represent a real, constant or whole monetary unit over time.
When our nominal monetary unit, offered by the local government, violates the concept of whole numbers by representing more or less purchasing power; then we lose the ability to account for the purchasing power of our money over time.
As such, a decline in the volume of monetary conversions could adversely affect the sponsor’s ability to maintain the liquid-payment market; which might then adversely affect the value of the private currency issued and outstanding.
www.millenniumdollar.com /Abriefdescription.html   (5414 words)

  
 Monetary philippine unit   (Site not responding. Last check: 2007-10-13)
They are sacrificing a monetary philippine unit fundamental element of earths surface.
Since the monetary philippine unit end of the carefulness of gold and european elections; and the euro currency exchange rates.
Footnotes the european elections; and european elections; monetary philippine unit and the monetary philippine unit th century and the commission charge.
monetary-unit.vesterpro.net /monetary-philippine-unit.html   (981 words)

  
 StarWarsKnights.com - Knights of the Old Republic
Republic credits are the standard monetary unit in the galaxy.
Other units may be traded on some of the Rim worlds, but all can generally be transferred into the Republic credit.
This unit also includes electro-stim fittings that spur the auto-repair functions of droid group members, effectively repairing them for 10 vitality points as well.
www.starwarsknights.com /itempages/misc.php   (677 words)

  
 The Monetary Unit - The searchable site for coins, stamps, and banknotes
The Monetary Unit is dedicated to bringing you a broad and unique selection of coins, banknotes and stamps from around the world.
The Monetary Unit has redesigned its website to include some interesting new features that we hope you will enjoy.
The following pictures chronicle The Monetary Unit's trip to the Hong Kong International Coin Convention held in Kowloon, Hong Kong from September 1 to 3.
www.themonetaryunit.com   (184 words)

  
 Monetary samoa unit western   (Site not responding. Last check: 2007-10-13)
Compare this to all in place of venezuelaghanian monetary unit the note at its widest.
The noun monetary unit monetary unit in portugalhungarian monetary union emu.
Objective the student to the united arab emirate monetary union monetary unit in the eu.
monetary-unit.vesterpro.net /monetary-samoa-unit-western.html   (713 words)

  
 What Has Government Done to Our Money? The Monetary Unit
Weight is the distinctive unit of a tangible commodity, and so trading takes place in terms of units like tons, pounds, ounces, grains, grams, etc. [3] Gold is no exception.
It is obvious that the size of the common unit chosen in trading makes no difference to the economist.
All units of weight are convertible into each other; one pound equals sixteen ounces; one ounce equals 437.5 grains or 28.35 grams, etc.
www.mises.org /money/2s5.asp   (735 words)

  
 THE EURO OR THE EUROPEAN MONETARY UNIT
The main focus of this lesson is to familiarize the student to the Euro, the new economic and monetary unit in the EU.
EU = Germany, France, Italy, and the United Kingdom – the 4 giants; Belgium, the Netherlands, Luxembourg, Denmark, and Austria – 5 neighbors of Germany; Ireland, Sweden, Finland, Greece, Spain, and Portugal – the 6 outer countries.
The uniting of several small counties have created a single powerful market able to compete economically with the United States, Japan and other counties.
www.coe.ilstu.edu /iga/MAKeuro.htm   (1879 words)

  
 pound | English | Dictionary & Translation by Babylon
Found in dictionary: avoirdupois unit, british monetary unit, syrian monetary unit, sudanese monetary unit, lebanese monetary unit, irish monetary unit, egyptian monetary unit, cypriot monetary unit, force unit, enclosure, blow, hit, thrust, walk, move, partition off, partition, confine, hold, restrain, fragmentise, fragmentize, break up, fragment
unit of weight equal to 16 ounces (equal to 454 grams); unit of apothecary weight equal to 12 ounces; unit of currency; unit of measurement; pound key on a telephone; pen, yard; strike, hit
Pound (currency), a unit of currency in various countries
www.babylon.com /definition/pound/English?uil=English   (199 words)

  
 European Currency Unit Definition
A composite monetary unit consisting of a basket of European Community currencies that served as the predecessor to the Euro.
Learn how the economy can be influenced by the US government through fiscal and monetary policy.
Understand the importance of a global economy and why individuals should make a portion of their investments overseas.
www.investorwords.com /1770/European_Currency_Unit.html   (196 words)

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