Legal tender, Bitcoin & Cheques are legal tenders? Meaning of High Powered Money and Fiduciary Money
Sub Category
- Other Teaching & Academics
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Objectives
- Legal tender, High-Powered Money and Fiduciary Money
- What is the meaning of Legal tender in the context of currency?
- What are the two types of legal tender money?
- Whether bitcoin and cheques are legal tender money?
- What is the meaning of High-Powered Money and Fiduciary Money?
- How does the Central Bank exert control over the dynamics of high-powered money?
Pre Requisites
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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