Two scientists won the Nobel Prize in medicine on Monday for their discoveries into how the human body perceives temperature and touch, revelations that could lead to new ways of treating pain or even heart disease.
Oct 4, 2021
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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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Three scientists won the Nobel Prize in medicine Monday for discovering the liver-ravaging hepatitis C virus, a breakthrough that led to cures for the deadly disease and tests to keep the scourge out of the blood supply.
Oct 5, 2020
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The brain responds less to money gained from immoral actions than money earned decently, reveals a new UCL-led study.
May 1, 2017
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(AP) -- George Eberhardt turned 107 last month, and scientists would love to know how he and other older folks like him made it that far. So he's going to hand over some of his DNA. He's one of 100 centenarians taking part ...
Oct 26, 2011
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Depression and loneliness can be prevented using structured, telephone-based psychological care, delivered over eight weeks, according to new research. The study, led by a team based at the University of York and Hull York ...
Feb 2, 2024
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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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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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When the COVID-19 pandemic hit, many businesses stopped accepting cash payments in an effort to reduce the spread of the virus. While neither the CDC nor WHO ever banned the use of paper money, many businesses still only ...
May 12, 2022
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College-educated women are much more likely than ever before to have a first child outside of marriage, a new Johns Hopkins University study finds.
Sep 6, 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
