Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of
debts in a particular country or socio-economic context, or is easily converted to such a form.
The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.
Any item or verifiable record that fulfills these functions can be considered money.
Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.
Fiat money, like any check or note of debt, is without use value as a physical commodity.
It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".
Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.
The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts).
Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.
Canadian Salary Range
Each occupation and salary-range is accompanied by the National Occupational Classification (NOC) code which defines its duties, and education/training requirements.
Senior Computer Operator C$60,074
Requirements and Responsibilities For Computer Operator III
IT World Canada
Industry: I.T. STAFF/TECHNICAL POSITIONS
Location: British Columbia
Job Title: Web developer
National Average 2013 BASE SALARY $67,913.00
PayPal Holdings, Inc. is an American company operating a worldwide online payments system.
Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders.
PayPal is one of the world's largest Internet payment companies.
The company operates as an acquirer, performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee.
Established in 1998, PayPal had its IPO in 2002, and became a wholly owned subsidiary of eBay later that year.
It was spun off as an independently traded company in July 2015.
In 2014, PayPal moved $228 billion in 26 currencies across more than 190 nations, generating a total revenue of $7.9 billion (44% of eBay’s total profits).
The same year, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and was completed on July 18, 2015.
PayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery.
PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures.
In March 2000, Confinity merged with X.com, an online banking company founded by Elon Musk.
Musk was optimistic about the future success of the money transfer business Confinity was developing.
Musk and then-president and CEO of X.com, Bill Harris, disagreed on this point and Harris left the company in May 2000.
In October of that year, Musk made the decision that X.com would terminate its other Internet banking operations and focus on the PayPal money service.
The X.com company was then renamed PayPal in 2001, and expanded rapidly throughout the year until company executives decided to take PayPal public in 2002 as listed under the ticker PYPL at $13 per share and ended up generating over $61 million.
Visa Reloadable Prepaid cards are issued by:
Canada Post www.canadapost.ca
DirectCash Bank www.directcash.net
Vancouver City Savings and Credit Union www.vancity.com
Peoples Trust Company
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