Macao Monetary Unit Meaning in Hindi

Macao Monetary Unit Definitions and Meaning in English

  1. 1. Monetary unit in Macao
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Macao Monetary Unit Sentences from Popular Quotes and Books

1. "Money is not indefinitely divisible. Even with the assistance of money-substitutes for expressing fractional sums that for technical reasons cannot conveniently be expressed in the actual monetary material (a method that has been brought to perfection in the modern system of token coinage), it seems entirely impossible to provide commerce with every desired fraction of the monetary unit."
- Ludwig von Mises, The Theory of Money and Credit

2. "If we compare two static economic systems, which differ in no way from one another except that in one there is twice as much money as in the other, it appears that the purchasing power of the monetary unit in the one system must be equal to half that of the monetary unit in the other. Nevertheless, we may not conclude from this that a doubling of the quantity of money must lead to a halving of the purchasing power of the monetary unit; for every variation in the quantity of money introduces a dynamic factor into the static economic system. The new position of static equilibrium that is established when the effects of the fluctuations thus set in motion are completed cannot be the same as that which existed before the introduction of the additional quantity of money. Consequently, in the new state of equilibrium the conditions of demand for money, given a certain exchange-value of the monetary unit, will also be different. If the purchasing power of each unit of the doubled quantity of"
- Ludwig von Mises, The Theory of Money and Credit

3. "Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult."
- Ludwig von Mises, The Theory of Money and Credit

4. "effect the exchange of labor and services by means of an exchange of heartbeats. estimate every task in terms of heartbeats-the monetary unit of the future, in which all individuals are equally wealthy. take 365 times 317 as the median number of heartbeats in any twenty-four-hour period."
- Quote by Velimir Khlebnikov

5. "It must be pointed out that the level of the total stock of money and of the value of the money unit are matters of complete indifference as far as the utility obtained from the use of the money is concerned. Society is always in enjoyment of the maximum utility obtainable from the use of money. Half of the money at the disposal of the community would yield the same utility as the whole stock, even if the variation in the value of the monetary unit was not proportioned to the variation in the stock of money."
- Ludwig von Mises, The Theory of Money and Credit

6. "heavy demolition unit."
- Annie Groves, Daughters of Liverpool

8. "Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community. Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
- Ludwig von Mises, The Theory of Money and Credit

9. "Inflation is always and everywhere a monetary phenomenon."
- Milton Friedman, Money Mischief: Episodes in Monetary History

10. "Inflationism is that monetary policy that seeks to increase the quantity of money."
- Ludwig von Mises, The Theory of Money and Credit

 
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Related Similar & Broader Words of Macao Monetary Unit

monetary unit,  
 
 
 

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