Commodity Prices Metal Monetary Value vs. Monetary Value

First of all, there are at least two factors that affect commodities, that is to say, when we learn the function of money, there are two influencing factors that we can find, but then we have to learn that supply and demand will also affect **.

In terms of two factors, namely, the value of the commodity and the monetary value of the metal, the more socially necessary labor time the commodity itself consumes, the greater the value of the commodity, which means that the whole society will take into account the factor of labor cost when pricing, so the value of the commodity is determined**; The reason why metal money can act as a general equivalent is because it is a commodity and has value, and since it is a commodity, its own value will also change with the change of socially necessary labor time, because the amount of value of a commodity is determined by the socially necessary labor time. The value of money itself is the value of a commodity as a metal. When metal money, i.e., gold and silver, is produced, the socially necessary labor time expended increases, and the value of the money itself increases, so that the physical quantity that can be bought with the same ingot** increases, i.e., one cow can be bought, but now it is possible to buy two oxen.

Vice versa. As for the noun "monetary value", in economics it specifically refers to one of the four manifestations of value - **. (The four forms of value refer to: accidental form of value, expanded form of value, general form of value, and monetary form of value, also known as **).

Money is a general equivalent

The value of money is determined by the time value of money.

factors and labor value factors.

The exchange rate is expressed in one currency in another**. In the absence of other non-market factors, the exchange rate should follow the general law of the commodity market, i.e. it is driven by economic activity.

The resulting supply and demand for this currency are determined. ** is a reflection of value, and usually it fluctuates around value.

In the long run, under the conditions of a near-complete market economy, ** is basically the same as value.

Money is the intermediary between production and consumption. The person who provides the service for the money has the right to demand a corresponding amount of relative labor. Therefore, money is a claim based on the advance service and used in exchange for a consumer product, or a certificate that money is obtained on the basis of the advance service provided and used to claim the relative service.

Extended Materials. Money is a product of commodity exchange, a fixed place separated from the commodity world in the process of commodity exchange and acts as a general equivalent.

The commodity is currency.

one. Commonly known as money.

Currency (CCY) is a tool for measuring **, a medium for purchasing goods, a means of preserving wealth, a contract between the owner of property and the market on the right of exchange, and is essentially an agreement between the owner. Contains currency in circulation, bank bills, etc.

Money, by its very nature, is a contract between owners about the right of exchange, and the different forms of money are essentially unified. In the past, due to people's lack of understanding of the nature of money, they mistakenly divided money into different types from different perspectives, such as according to the commodity value of money.

It is divided into two categories: debt currency and non-debt currency, and is divided into convertible currency and non-convertible currency according to whether the exchange ratio is agreed.

Formally, according to the commodity value of the currency, it can be divided into physical money and formal currency, and the physical currency itself is a special commodity, including the amount of value, such as sheep, ***, etc.; Whereas, formal money itself has no quantity of value, its value is contractually agreed, only contractually valued.

The two forms are different, but they are unified in nature, that is, they are both agreed to be used as a medium of exchange, and both have contractual value. The purchasing power of a currency.

It is determined by the contractual value of money, but the purchasing power of physical money is also affected by the value of its own goods, and usually the commodity value of physical money is less than its contractual value as money.

In high school textbooks, the essence of money is explained as a general equivalent. This definition is merely functional, and does not actually explain the nature of money, nor does it inherently logically question why money can act as a general equivalent.

For questions about the nature of monetary contracts, see Monetary Contracts.

The following is the debt theory of the nature of money in the past, that is, economists believe that money is a kind of creditor's right from the holder to the issuer, and there are obvious flaws in this statement, and there are basic questions such as what is the interest that cannot be borrowed by the issuer and how to repay it.

The fiat currency that is in circulation.

fiatmoney) system, the main part of which is made up of **, corporate and private "monetized" debts.

Value is price.

The basis of the lattice, ** is the value of the monetary table. For example, du, generally speaking, a self-propelled car will not be more expensive than an airplane, no matter how expensive it is. Because, Ma Dao Kesi political economy argues:

Undifferentiated human abstract labor is condensed in commodities, and the value of commodities is formed. The socially necessary labor time required to produce an airplane far exceeds that required to produce a bicycle, so the value of an airplane is much greater than the value of a bicycle. Therefore, the ** of the airplane should also be much higher than the ** of the bicycle.

Also, the second half of what you said should not be accurate. The correct statement should be "in the case of a certain value of the commodity, the commodity ** is inversely proportional to the value of the currency". For example, a mobile phone sells for 1,000 yuan, but only sells for 150 US dollars, the same mobile phone, its commodity value must be the same, but because the monetary value of the US dollar is larger, the amount of currency required is less, that is, the ** price of the US dollar is lower.

Can you understand this?

**Proportional to the value of the commodity and inversely proportional to the value of the currency.

Answer]: False.

Analysis: The actual value of money, also known as the intrinsic value of the currency, is the value of the monetary material itself, not its market value.