representative$69384$ - definizione. Che cos'è representative$69384$
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Cosa (chi) è representative$69384$ - definizione

ANY TYPE OF MONEY THAT HAS FACE VALUE GREATER THAN ITS VALUE AS MATERIAL SUBSTANCE
Representative moneys; Representative currency
  • U.S. $50 gold certificate

representative         
WIKIMEDIA DISAMBIGUATION PAGE
Representatives; Rep.; Representative (disambiguation)
(representatives)
Frequency: The word is one of the 1500 most common words in English.
1.
A representative is a person who has been chosen to act or make decisions on behalf of another person or a group of people.
...trade union representatives...
N-COUNT
2.
A representative is a person whose job is to sell a company's products or services, especially by travelling round and visiting other companies. (FORMAL)
She had a stressful job as a sales representative.
N-COUNT: usu with supp
3.
A representative group consists of a small number of people who have been chosen to make decisions on behalf of a larger group.
The new head of state should be chosen by an 87 member representative council.
ADJ: ADJ n
4.
Someone who is typical of the group to which they belong can be described as representative.
He was in no way representative of dog-trainers in general.
ADJ: oft ADJ of n
representativeness
...a process designed to ensure the representativeness of the sample interviewed.
N-UNCOUNT
5.
In the United States, a Representative is a member of the House of Representatives, the less powerful of the two parts of Congress.
N-COUNT
6.
representative         
WIKIMEDIA DISAMBIGUATION PAGE
Representatives; Rep.; Representative (disambiguation)
I. a.
1.
Figurative, typical, symbolical.
2.
Delegated, acting for others.
II. n.
Delegate, deputy, substitute, agent, proxy, locum tenens, lieutenant, vicegerent.
representative         
WIKIMEDIA DISAMBIGUATION PAGE
Representatives; Rep.; Representative (disambiguation)
I
adj. representative of
II
n.
1) a sales representative (BE also has commercial traveller)
2) an elected representative

Wikipedia

Representative money

Representative money or receipt money is any medium of exchange, printed or digital, that represents something of value, but has little or no value of its own (intrinsic value). Unlike some forms of fiat money (which may have no commodity backing), genuine representative money must have something of intrinsic value supporting the face value.

More specifically, the term representative money has been used variously to mean:

  • A claim on a commodity, for example gold and silver certificates. In this sense it may be called "commodity-backed money".
  • Any type of money that has face value greater than its value as material substance. Used in this sense, most types of fiat money are a type of representative money.

There is no concrete evidence that the clay tokens used as an accounting tool to keep track of warehouse stores in ancient Mesopotamia were also used as representative money. However, the idea has been suggested.

In 1895 economist Joseph Shield Nicholson wrote that credit expansion and contraction was in fact the expansion and contraction of representative money.

In 1934 economist William Howard Steiner wrote that the term was used "at one time to signify that a certain amount of bullion was stored in the Treasury while the equivalent paper in circulation" represented the bullion.