Money. Credit. Banks. Elements of a country's monetary system (DCS) (lecture notes)

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Money. Credit. Banks. Elements of a country's monetary system (DCS) (lecture notes)

Lecture notes, cheat sheets

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Elements of the country's monetary system (BCS)

The structure of the LTA and its elements are determined and regulated by the legislation of the country. All systems are characterized by common features, regardless of the form of construction of the DSS. DSS elements:

▪ the name of the country's monetary unit, which serves as a price scale (established by law; the unit usually has a decimal division into smaller types of banknotes);

▪ the procedure for securing banknotes (this is a description of the types and basic rules for their provision);

▪ emission mechanism (this is the regulation for the issue and withdrawal of banknotes from circulation);

▪ structure of the money supply in circulation (the convenience of payments depends on the structure - the ratio between cash and non-cash, the volumes of issued banknotes of different denominations);

▪ the procedure for forecast planning (determines the goals and objectives of forecast planning; organizations and institutions that draw up plans; a system of forecast plans; methods for their preparation, etc.);

▪ mechanism of state monetary regulation (a set of ways, methods, instruments of the state’s influence on the monetary sector of the economy; tasks of monetary regulation; responsibility of the bodies carrying out monetary regulation);

▪ the procedure for establishing the exchange rate (the set of rules and the procedure for exchanging currencies is the prerogative of the Central Bank);

▪ the procedure for cash discipline (rules for executing payments through cash registers).

Author: Shevchuk D.A.

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