The fictional story of money | Currency system explained |World Economy EP 03 скачать в хорошем качестве

The fictional story of money | Currency system explained |World Economy EP 03

Visit https://tcc.lla.in to register in masterclass on secret tricks to crack any exam (live session) Best bank account offer: https://idfc.tccweb.in Best life insurance: https://axis.tccweb.in _____________________________ ______________________________ Watch this video to know how trust can drive economic changes 👇🏻    • Trust (ft. Kunal Shah) | On the Money | CRED   More such Interesting Videos: https://tinyurl.com/2p8w7n2w Interesting Shorts: https://tinyurl.com/tccshorts Follow TCC on Instagram:   / thecuriouscobra   Follow TCC on Facebook:   / thecuriouscobra   _________________________ 00:00 Introduction 00:55 Origin of Barter System 02:00 Commodity Money 03:36 Origin of Bank notes 04:38 Gold Standard 05:15 How Gold Standard failed 05:50 Bretten Woods agreement 06:53 Origin of FIAT currency 07:48 Free floating currency 08:50 How exchange rates work 09:50 Why foreign currency is required 10:53 Can we print unlimited money 12:14 Hyperinflation in Zimbabwe We often wonder that how is money created? What gives value to money? the origin of trading was barter system which started from Nomadic times. Slowly the system of commodity money came and then representative money took its place. Finally the gold standards was ditched by the whole world and now world runs on FIAT currency. Watch video to learn more. #money #currency #tcc