Older adults are more willing to make an effort to help others than younger adults, according to new research from the University of Birmingham.
Apr 16, 2021
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Rich nations should consider paying for elderly people to live in care homes in lower income countries in a bid to ease the pressure on domestic residential and nursing care provision, argues an ethicist in the Journal of ...
Mar 22, 2021
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Many U.S. foundations, which disbursed roughly US$76 billion in 2019, say they are giving more money away in the United States because of the COVID-19 pandemic and the health, economic and other crises it's creating.
Mar 17, 2021
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In an industrial neighborhood on the outskirts of Bangladesh's largest city lies a factory with gleaming new equipment imported from Germany, its immaculate hallways lined with hermetically sealed rooms. It is operating at ...
Mar 01, 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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The pandemic has caused many people to reassess their priorities. There is talk of moving out of the city, simplifying life and saving more money.
Jan 06, 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 05, 2020
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Breakthroughs in the field of health will be honoured Monday when the 2020 Nobel season kicks off with the medicine prize, as the world battles the worst pandemic in a century.
Oct 05, 2020
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Imagine you and your friend are at a party and someone orders pizza. You're starving. You put a couple of slices on your plate and sit down at the table. Before you start eating, you excuse yourself to wash your hands.
Sep 30, 2020
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One-third of the people who could benefit from a special type of savings account to cushion the blow of their health plan deductible aren't doing so, according to a new study.
Aug 13, 2020
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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
