Dr. D.S. Merchant's Articles in Finance

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International organizations of Finance and Trading European Common Market GATT = General Agreement on Tariffs and Trade G8 IMF = International Monetary Fund OPEC = Organization of the Petroleum Exporting Countries Current Money Trends World Trade Organization negotiations aims to lower barriers to trade around the world, focusing on making trade fairer for developing countries. Talks have been hung over a divide between the rich, developed countries, and the major developing countries. Agricultural subsidies are the most significant issue upon which agreement has been hardest to negotiate. By contrast, there was much agreement on trade facilitation and capacity building. History of Money The first instances of money were objects with fundamental value are called commodity money and includes any commonly-available commodity that has intrinsic value; historical examples include rare seashells, whale's teeth, and cattle. In medieval Iraq, bread was used as an early form of money. History of Trade Trade originated in prehistoric times. It was the main facility of prehistoric people, who bartered goods and services from each other when modern money was never even thought of. Peter Watson dates the history of long-distance commerce from circa 150,000 years ago. Payment Gateway to Accept Online Payments Over seven years Paycents has helped hundreds of software companies and thousands of their customers address the challenges of integrated payment processing. Stability and Reliability - The Paycents platform rivals those of the largest e-commerce, trading, and portal Web sites. Our system handles millions of transactions every month, and is continuously monitored for performance.

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