Black Money Business Jobs : Money (advanced)

Discussion in 'Black Money Business Jobs' started by Shikamaru, Jul 12, 2011.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    A division of my own creation.

    I will divide money into:

    a) specie - gold, silver, clad coinage

    b) a subset of commercial paper id est banknotes, promissory notes (negotiable instruments)

    Arguably, there could be a third form such as credit.
     
  2. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Political economy

    Economics is a subset of the superset, political economy which in turn is a subset of the superset, moral philosophy.
     
  3. Shikamaru

    Shikamaru Well-Known Member MEMBER

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  4. Shikamaru

    Shikamaru Well-Known Member MEMBER

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  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Treatise

    The Law of Negotiable Instruments

    Paper money is actually banknotes.
    Banknotes are a specie of promissory note.
    Promissory note is one of the two main divisions of negotiable instruments.

    The other division is bills of exchange which for most people shall be encountered as cheques or checks.
     
  6. Shikamaru

    Shikamaru Well-Known Member MEMBER

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  7. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Accountancy

    Accounting is the language of money. That tidbit is courtesy of Robert T. Kiyosaki in Rich Dad, Poor Dad.
    So, if you want to do business, learn to speak the language both financial and legal.
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    What is a security?

    A security represents financial value.

    Securities, according to Wikipedia are categorized into:

    Notice that banknotes fall under debt securities. When people speak about investing, they are speaking of investing in various papers representing financial value.
     
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