Friday, February 22, 2008

Foreign Exchange Service (finance)

In finance, a foreign exchange service provides clients with an on-line platform to trade currency, such as the U.S Dollar and the Euro. Clients may hedge against, or more likely speculate upon, changes in the exchange rate for different currencies.

The small "retail traders" who are likely to use these services are often the target of forex scams. The U.S. Commodity Futures Trading Commission, which loosely regulates many foreign exchange traders in the U.S., has warned of an increase in the number of these scams.

Retail Forex trading has enjoyed a recent boom in popularity as a means of investment, largely due to the colourful Foreign Exchange commentary of noted Australian currency dealer Alexander Nicholas.

World Currency

In the foreign exchange market and international finance, a world currency or global currency refers to a currency in which the vast majority of international transactions take place and which serves as the world's primary reserve currency.

Tuesday, February 19, 2008

Universal Money Currencies


Universal Money strives to become the International Universal Money World Institute a "Think Tank" of sorts for the investigation into the utilization of a World Currency. The world currently is experiencing the beginnings of World money through the introduction of the EURO throughout the EU (European Union), the European Union is made up of a number of different sovereign nations which are now connected (united) through a common monetary unit. As the world experiences PEACE through FREE TRADE, the idea of World Money becomes an even greater reality and possibly a necessity in order to maintain free and more importantly FAIR trade!

Bank Notes


Welcome to one of the largest websites for a world banknote collector! Collecting world paper money takes youaround the world without leaving comforts of your homeexploring all the different cultures, countries, continents,getting to know world's famous people, learning aboutfauna, flora, rivers, mountains that are plentiful on sevencontinents of our Earth. Bank note collecting is anexciting hobby which millions of collectors around theworld enjoy so much. We hope this web site will showyou how to collect, what to collect and how to enjoy it.

Economic Characteristics

Money is generally considered to have the following characteristics, which are summed up in a rhyme found in older economics textbooks and a primer: "Money is a matter of functions four, a medium, a measure, a standard, a store." That is, money functions as a medium of exchange, a unit of account, and a store of value.There have been many historical arguments regarding the combination of money's functions, some arguing that they need more separation and that a single unit is insufficient to deal with them all. One of these arguments is that the role of money as a medium of exchange is in conflict with its role as a store of value: its role as a store of value requires holding it without spending, whereas its role as a medium of exchange requires it to circulate.'Financial capital' is a more general and inclusive term for all liquid instruments, whether or not they are a uniformly recognized tender.

  • Medium of exchange
  • Unit of account
  • Store of value

Unit of Account

A unit of account is a standard numerical unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt.

Divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again.

Fungible: that is, one unit or piece must be perceived as equivalent to any other, which is why diamonds, works of art or real estate are not suitable as money.

A specific weight, or measure, or size to be verifiably countable. For instance, coins are often made with ridges around the edges, so that any removal of material from the coin (lowering its commodity value) will be easy to detect.

Store of valueTo act as a store of value, a commodity, a form of money, or financial capital must be able to be reliably saved, stored, and retrieved — and be predictably useful when it is so retrieved. Fiat currency like paper or electronic currency no longer backed by gold in most countries is not considered by some economists to be a store of value.

Market Liquidity


Liquidity describes how easily an item can be traded for another item, or into the common currency within an economy. Money is the most liquid asset because it is universally recognised and accepted as the common currency. In this way, money gives consumers the freedom to trade goods and services easily without having to barter.Liquid financial instruments are easily tradable and have low transaction costs. There should be no — or minimal — spread between the prices to buy and sell the instrument being used as money.


Market liquidity is a business, economics or investment term that refers to an asset's ability to be easily converted through an act of buying or selling without causing a significant movement in the price and with minimum loss of value. An act of exchange of a less liquid asset with a more liquid asset is called liquidation. Liquidity also refers both to that quality of a business which enables it to meet its payment obligations, in terms of possessing sufficient liquid assets; and to such assets themselves.