Physical currency




The central bank, or other competent, state authorities (such as the treasury), are typically empowered to create new, physical currency, i.e. paper notes and coins, in order to meet the needs of commercial banks for cash withdrawals, and to replace worn and/or destroyed currency. The process does not increase the money supply, as such; the term "printing new money" is considered a misnomer.

In modern economies, relatively little of the supply of broad money is in physical currency.note

Comments

Post a Comment

Popular posts from this blog

Visibility

Image
Ultraviolet rays are invisible to most humans. The lens of the human eye blocks most radiation in the wavelength range of 300–400 nm; shorter wavelengths are blocked by the cornea. Humans also lack color receptor adaptations for ultraviolet rays. Nevertheless, the photoreceptors of the retina are sensitive to near-UV, and people lacking a lens (a condition known as aphakia) perceive near-UV as whitish-blue or whitish-violet. Under some conditions, children and young adults can see ultraviolet down to wavelengths around 310 nm. Near-UV radiation is visible to insects, some mammals, and birds. Small birds have a fourth color receptor for ultraviolet rays; this gives birds "true" UV vision.
Read more

Painting

Image
Painting taken literally is the practice of applying pigment suspended in a carrier (or medium) and a binding agent (a glue) to a surface (support) such as paper, canvas or a wall. However, when used in an artistic sense it means the use of this activity in combination with drawing, composition, or other aesthetic considerations in order to manifest the expressive and conceptual intention of the practitioner. Painting is also used to express spiritual motifs and ideas; sites of this kind of painting range from artwork depicting mythological figures on pottery to The Sistine Chapel to the human body itself. Origins and early history edit Like drawing, painting has its documented origins in caves and on rock faces. The finest examples, believed by some to be 32,000 years old, are in the Chauvet and Lascaux caves in southern France. In shades of red, brown, yellow and black, the paintings on the walls and ceilings are of bison, cattle, horses and deer. Paintings of human figures can be fo...
Read more

Discovery

Image
"Ultraviolet" means "beyond violet" (from Latin ultra , "beyond"), violet being the color of the highest frequencies of visible light. Ultraviolet has a higher frequency (thus a shorter wavelength) than violet light. UV radiation was discovered in 1801 when the German physicist Johann Wilhelm Ritter observed that invisible rays just beyond the violet end of the visible spectrum darkened silver chloride-soaked paper more quickly than violet light itself. He called them "(de-)oxidizing rays" (German: de-oxidierende Strahlen ) to emphasize chemical reactivity and to distinguish them from "heat rays", discovered the previous year at the other end of the visible spectrum. The simpler term "chemical rays" was adopted soon afterwards, and remained popular throughout the 19th century, although some said that this radiation was entirely different from light (notably John William Draper, who named them "tithonic rays"). The te...
Read more