Chapter 2. Money

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch2

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Money, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch2

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • money, measuring value of scarce resources - notoriously inaccurate;
  • engineer's job, meeting demands with efficient use of scarce resources - labor, power and materials;
  • reasonable rate of interest - risk factors deciding actual rate

Summary

This chapter contains sections titled:

  • What is it?

  • Brief History of Money

  • Inflation

  • How Mars Bar Economics Made Some of us Rich

  • Interest

  • What is a “Reasonable” Interest Rate

  • The Banks

  • Islamic Banking

  • Real Interest Rates

  • Summary