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To development in the economic theory of such explanations of value of money, which,
Being constructed on the extremely simplifying preconditions though gave some
Useful approach to a reality, appeared useless for the decision of those
Problems which to us should be considered here.
During the further statement it is important to remember that differences of various kinds of money
From each other happen two different, though and the interconnected types: first, on
Degrees of readiness them to accept (liquidity) and, secondly, by estimations
Changes their values (stability). Expectations on stability parametre
Will influence, obviously, liquidity of money of this or that kind, but in
To short-term prospect liquidity can appear more important stability,
To any reasons to be limited by narrow enough circle of people.
Values of terms and definition
Here, perhaps, it is a high time to give accurate definitions of sense which we will be
To put in those or other often used terms. It is obvious enough that
It is more convenient to us to speak about "currencies" (currencies), instead of about "money" (money), not
Only because in English language the first term can be used is easier
In plural, but also and consequently that as we saw, the term "currency"
Underlines the important shade of sense. We will use a word "currency",
Perhaps, entering some contradiction with initial value of it
The term, meaning not only paper bank notes and other money,
"Passing from hand to hand", but also bank check bills, and also other
Media of exchange which can be used for the majority of all those purposes,
For which checks are used. However, as we have just noted, are not present any
Necessities for too sharp differentiation meanwhile that is money,
And that them is not. To the reader is better to remember that we have
Business with some number of the objects differing on degree of their readiness
To accept (liquidity) which on one end of a number, undoubtedly, are
Money, and on other imperceptibly pass in objects, which, undoubtedly, them
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