O Que São e Quais São Os Meios de Pagamento?

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QUESTÃO CERTA: Os meios de pagamento, que podem ser definidos como o somatório do papel moeda em poder do público e os depósitos à vista realizados no sistema bancário, correspondem aos ativos de liquidez imediata em posse do setor não bancário, o qual pode utilizá-los a qualquer momento para liquidar dívidas em moeda nacional.

O sistema financeiro monetário ou simplesmente sistema financeiro bancário representa um segmento do mercado financeiro responsável pela geração de meios de pagamentos. Os meios de pagamentos consistem na totalidade dos haveres possuídos pelo setor não-bancário e que podem ser utilizados a qualquer momento para liquidar dívidas em moeda nacional. Ou seja, é o total dos ativos de liquidez imediata do setor não bancário.

QUESTÃO ERRADA: No Brasil, a criação de meios de pagamento pode ser realizada exclusivamente pelo Banco Central do Brasil e pelos bancos comerciais, tais como o Banco do Brasil S.A., a Caixa Econômica Federal, as associações de poupança e empréstimo, as financeiras e as sociedades de crédito imobiliário.

Segundo Simonsen & Cisne no livro Macroeconomia, 4a edição, editora Atlas na página 6, a criação de meios de pagamento só pode ser realizada pelo Banco Central, que tem o poder legal de emitir papel-moeda e pelos bancos comerciais. Esse conjunto, BACEN + Bancos Comerciais denomina-se Sistema Monetário. Todas as demais instituições financeiras que não o BACEN e os Bancos comerciais fazem parte do Sistema Financeiro Não Monetário.

Na página 39 do mesmo livro, os autores ilustram em um quadro as Instituições no Sistema Financeiro Não Monetário. Entre elas estão as Sociedades de crédito, financiamento e investimento, as Sociedades de crédito imobiliário e as Associações de poupança e empréstimo. Por essa razão, a assertiva está errada.

QUESTÃO CERTA: É uma transação econômica que tem como consequência uma elevação dos meios de pagamento (medido no conceito M1) de um país: Um banco desconta duplicatas de uma empresa comercial.

Os meios de pagamento são:

Meios de Pagamento Restritos:

M1 = papel moeda em poder do público + depósitos à vista

Meios de Pagamento Ampliados:

M2 =M1 + depósitos especiais remunerados + depósitos de poupança + títulos emitidos por instituições depositárias;

M3 = M2 + quotas de fundos de renda fixa + operações compromissadas registradas no Selic

Poupança financeira:

M4 = M3 + títulos públicos de alta liquidez


Para aumentar o M1 através de uma transação, seria necessário a transferência de algum outro meio de pagamento. Assim, o banco desconta duplicatas (M2), consequentemente aumentando o seu conceito M1.

QUESTÃO CERTA: Há criação de meios de pagamentos quando ocorre o desconto de uma duplicata por parte de uma empresa em um banco comercial. 

Sim, o desconto de duplicatas é um empréstimo que o banco faz às custas do dinheiro de terceiros. O credor vai poder usar o dinheiro sem o devedor ter pagado, por isso há criação de moeda.

QUESTÃO CERTA: Os meios de pagamento ampliados são agregados por seus sistemas emissores: o agregado M1 é estabelecido com base nas instituições emissoras de haveres estritamente monetários.

O M1, também conhecido como base monetária, diz respeito à soma de todo o papel moeda da economia mais os depósitos bancários à vista.

QUESTÃO CERTA: Os meios de pagamentos ampliados (M2) correspondem à soma dos meios de pagamentos restritos (M1) com os depósitos especiais remunerados, depósitos de poupança e títulos emitidos por instituições depositárias.

M2 = M1 + depósitos a prazo (depósitos para investimentos, depósitos de poupança, fundos de aplicação financeira e de renda fixa de curto prazo) + títulos do governo em poder do público.

O conceito de meios de pagamento ampliados “Inclui moeda legal e quase-moeda, correspondendo aos instrumentos de elevada liquidez, em sentido amplo. O M2 corresponde ao M1 mais as emissões de alta liquidez realizadas primariamente no mercado interno por instituições depositárias – as que realizam multiplicação de crédito.”

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QUESTÃO CERTA: Quando um indivíduo utiliza recursos depositados em sua conta corrente para aquisição de certificados de depósitos bancários ocorre destruição de meios de pagamento.

CERTO

Meios de Pagamento ou Moeda ou M1 = papel-moeda em poder do público + depósitos à vista

Quando um indivíduo utiliza recursos para adquirir títulos (ativos com menor liquidez), há destruição de meios de pagamento.

De uma forma geral, podemos dizer que ocorre criação de meios de pagamento (monetização da economia) sempre que a transação é realizada entre o setor bancário e o setor não-bancário na condição de compra de um haver não-monetário em contrapartida de moeda manual ou escritural. E destruição de meios de pagamento sempre que a transação é realizada entre o setor bancário e setor não-bancário na condição de venda de um haver não-monetário em contrapartida de moeda manual ou escritural.

QUESTÃO CERTA: Atualmente, no Brasil, o critério de ordenamento dos meios de pagamento ampliados é definido por seus sistemas emissores e não pelo grau de liquidez.

Antes de 2001, tínhamos classificação por ordem decrescente de liquidez.

A partir de 2001, a classificação de M1 a M4 passou a se dar de acordo com a instituição que emite esses meios de pagamento ampliados.

O Banco Central não controla diretamente a base monetária, atua de maneira indireta, operando no mercado de título e interferindo na capacidade de emissão das instituições financeiras.

QUESTÃO ERRADA: Com relação às políticas econômicas em geral e à participação do setor público na economia, julgue os itens que se seguem. Sabendo-se que em que: M – meios de pagamento; B – base monetária; c – taxa de retenção de moeda pelo público; r – taxa de reservas bancárias, é correto afirmar que a expansão dos meios de pagamento depende diretamente da expansão da base monetária e da taxa de retenção de moeda pelo público, e inversamente da taxa de reservas bancárias.

Na realidade a fórmula correta é: (1+c/d) / (r + c/d), conforme Dornbush&Fisher e c/d = PMPP/DV

QUESTÃO ERRADA: Se o Banco Central fixa a taxa de juros da economia, o aumento das exportações líquidas proporciona expansão do M1.

M1 = Papel moeda em poder do público + depósitos à vista nos bancos comerciais.

O aumento das exportações liquidas aumentará a expansão de M1 se houver políticas cambiais e de controle da base monetária expansionistas.

QUESTÃO CERTA: Um aumento do produto interno bruto real aumenta a demanda por moeda na forma do M1.

Aumenta PIB >>> Aumenta Renda >>> Aumenta Demanda por Moeda por motivo transação.

QUESTÃO ERRADA: Entre os tipos de moeda, o papel-moeda corresponde às notas de papel emitidas pelo governo que não possuem lastro em nenhuma mercadoria.

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  100. I’d also like to convey that most individuals that find themselves devoid of health insurance are normally students, self-employed and those that are laid-off. More than half with the uninsured are really under the age of 35. They do not come to feel they are in need of health insurance as they are young along with healthy. The income is generally spent on real estate, food, and entertainment. Some people that do work either 100 or as a hobby are not provided insurance by means of their jobs so they go without due to rising price of health insurance in the country. Thanks for the ideas you share through this site.

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