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Just my thoughts #0489

When you exchange a department store gift voucher or any brand coupon for cash (currency), the par value written on the certificate is reduced and replaced. Department store gift vouchers can only be used at department stores, while cash offers different usage values that can be utilized without restrictions within the country. In other words, the relative value of the gift voucher compared to cash is taken into account. At this point, the difference in the exchange range creates this discounted value, even though the securities maintain the same trading par value. In reality, the market value of payment methods is determined by the scope of use, trading objects, and exchange period. This is why money is also regarded as one of the goods. In accounting, the value base is CASH. This distinction arises because cash (fiat currency) holds the highest value in use within a country, owing to its compulsory circulation power. - Joseph’s “just my thoughts”
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Just my thoughts #0489

When you exchange a department store gift voucher or any brand coupon for cash (currency), the par value written on the certificate is reduced and replaced. Department store gift vouchers can only be used at department stores, while cash offers different usage values that can be utilized without restrictions within the country. In other words, the relative value of the gift voucher compared to cash is taken into account. At this point, the difference in the exchange range creates this discounted value, even though the securities maintain the same trading par value. In reality, the market value of payment methods is determined by the scope of use, trading objects, and exchange period. This is why money is also regarded as one of the goods. In accounting, the value base is CASH. This distinction arises because cash (fiat currency) holds the highest value in use within a country, owing to its compulsory circulation power.


- Joseph’s “just my thoughts”

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