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    Most people
    use money every day. It is so common they many people rarely think about why
    money is important and what gives it value. In general, money is any item that
    is widely accepted as payment for products. It is something people see and use
    almost every day. Though money is commonplace, its forms and functions are
    complex. The familiar paper bills and metal coins are only two of the forms
    money can take. In the past, many things served as money - beads, shells,
    cattle and even slaves. Precious metals, especially gold and silver, have been
    a favorite form of money. Some of the things used as money - fishhooks or cattle,
    for example - also have had value as consumer goods. Most of the items used as money,
    however, have had value only because people agreed that they could be exchanged
    for goods and services. In other words, what is used as money often has little
    value of its own. Its value comes from the product for which it can be
    exchanged.

    In most
    modern economies money serves several functions. As a means of exchange money
    is used to trade for goods and services. Less complex societies often do not
    use money at all. They simply barter, or trade, one product for another. Two
    farmers may trade a bushel of wheat for a jar of milk, for example. The more
    complex a country’s economy, the harder it is to use a system of trading one
    good for another. Money is the answer to that problem.

    As a store
    of value people use money to save their wealth for the future. Storing goods is
    not so easy as storing money. Many goods, such as food, spoil quickly. Other,
    such as cars, take up a lot of space. But money can be kept in a bank or a safe
    or a pocketbook until it is needed. 

Ответы 1

  • Most people use money every day. In general, money is any item thatis widely accepted as payment for products. The morecomplex a country’s economy, the harder it is to use a system of trading onegood for another. As a store of value people use money to save their wealth for the future. But money can be kept in a bank or a safeor a pocketbook until it is needed.
    • Автор:

      dustin105
    • 6 лет назад
    • 0
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