Where does the money actually come from?

Money is one of the few things we really need every day. To buy breakfast rolls in the morning, to buy a bag of jelly bears and, of course, to give mum a nice big bouquet of flowers for her birthday. Money is a means of payment and a natural part of our everyday lives. But where does money actually come from? In the past, there was only as much money in circulation as was backed by gold reserves. Professor Kay Hempel explains whether currencies today are still backed by metals. He tells you what is meant when people talk about helicopter money on television. And the economics professor, who teaches finance and financial services in the business administration program at the BTU Cottbus - Senftenberg, tells you how much money is in circulation. What does the signature on banknotes mean? The professor also tells you what functions money has in a market economy and gives you a riddle: When you buy a roll, are you allowed to pay for two rolls for a total of 1.50 euros exclusively in 1-cent and 2-cent coins? Does a shop assistant have to accept these coins? What do you think?
 

Registration:              heike.postelt(at)b-tu.de