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Legal tender, or narrow money (M0) is the cash created by a Central Bank by minting coins and printing banknotes. Bank money, or broad money (M1/M2) is the money created by private banks through the recording of loans as deposits of borrowing clients, with partial support indicated by the cash ratio. Currently, bank money is created as ...
"Moneta" retained the meanings of "money" and "die" well into the Middle Ages and appeared often on minted coins. For example, the phrase moneta nova is regular on coins of the low countries and the rhineland in the fourteenth and fifteenth century, with the "nova", Latin for "new", not necessarily signifying a new type or variety of coin.
The lira in existence from the 12th century was later called the lira moneta buona (good money) or lira fuori banco (outside the bank) to disambiguate from the huge array of auxiliary units used by Genoa's banking industry to account for various currencies brought there over the centuries. [6]
In 2018 Home Credit Group initiated sale of its Czech operation consisting of Home Credit Czech and Slovak and Air Bank to Moneta Money Bank. [15] The deal was criticized as one-sided deal that gives Home Credit's subsidiaries unusually high valuation with unusual terms of the deal that would lead to renaming of Moneta Bank to Air Bank. [16]
Thus, moneta came to mean "mint" (mint itself being a corruption of moneta) in Latin, which was used in written works of ancient Roman writers such as Ovid, Martial, Juvenal, and Cicero, and was the origin of the English words "monetary" and "money". Cicero suggests that the name Moneta was derived from the Latin verb monere (to warn) because ...
GE Money Bank (formerly GE Capital Bank) was a significant institution in the Czech Republic. It was founded in 1997, after the acquisition of Agrobanka bank as GE Capital Bank. In the year 2000, it changed the name to GE Money Bank. It went through an IPO in 2016 and operates under the new name of Moneta Money Bank.
The Bank of Italy began producing paper money in 1896. To begin with, 50, 100, 500 and 1,000 lire notes were issued. To begin with, 50, 100, 500 and 1,000 lire notes were issued. In 1918–1919, 25 lire notes were also issued but no other denominations were introduced until after the Second World War .
Token money has less intrinsic value compared to its face value. [10] If the token money is metallic it is commonly made out of cheaper metals such as copper and nickel. [11] [12] Token money is also money whose face value exceeds its cost of production, i.e. the intrinsic value is lower than the extrinsic value.