(PhysOrg.com) -- At the April 4, 2011 annual meeting of the Cognitive Neuroscience Society the subject of moral dilemmas and what people would really do was addressed. In a study presented by Oriel FeldmanHall of Cambridge ...
Our romantic choices are not just based on feelings and emotions, but how rich we feel compared to others, a new study published in Frontiers in Psychology has found.
May 24, 2016
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Gratitude does more than help maintain good health. New research at the University of Oregon finds that regularly noting feelings of gratitude in a journal leads to increased altruism.
Dec 14, 2017
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To help protect older adults from financial exploitation, researchers are working to understand who is most at risk. New findings from the Keck School of Medicine of USC, published this week in the Journal of Alzheimer's ...
Jun 17, 2022
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Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don't value money as much, according to research ...
Oct 11, 2018
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New research is challenging the age-old adage that money can't buy happiness.
Jul 24, 2017
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What does "free time" mean to you? When you're not at work, do you pass the time -- or spend it?
Feb 6, 2012
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Imagine having to choose over and over between what you enjoy doing and the pain that it might cause you, whether physical or emotional. If you live with conditions such as depression, anxiety, or chronic pain, you are probably ...
Jul 20, 2022
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While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has ...
Apr 10, 2020
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What's the relationship between money and well-being? "It's one of the most studied questions in my field," says Matthew Killingsworth, a senior fellow at Penn's Wharton School who studies human happiness. "I'm very curious ...
Jan 19, 2021
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Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.
Nearly all contemporary money systems at the national level are fiat money systems. Fiat money is without value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the national boundaries of the country, for "all debts, public and private". By law, the refusal of a legal tender (offering) extinguishes the debt in the same way acceptance does. Some bullion coins such as the Australian Gold Nugget and American Eagle are legal tender, however, they trade based on the market price of the metal content as a commodity, rather than their legal tender face value (which is usually only a small fraction of their bullion value).
The money supply of a country is usually held to consist of currency (banknotes and coins) and 'deposit money' (the balance held in checking accounts and savings accounts). These demand deposits usually account for a much larger part of the money supply than currency. Deposit money is intangible and exists only in the form of various bank records. Despite being intangible, deposit money still performs the basic functions of money, as checks are generally accepted as a form of payment and as a means of transferring ownership of deposit money.
More generally, the term "price system" is sometimes used to refer to methods using commodity valuation or money accounting systems.
This text uses material from Wikipedia, licensed under CC BY-SA
