Wednesday, August 22, 2012
Money Money Money!
Money is anything generally excepted by people in exchange for the things they do or sell. Long ago money was mostly made of gold and silver, but today it consists of mostly paper bills and metal coins. Most countries have a basic unit of money. In America it is the U.S dollar, in Canada the Canadian dollar, Japan the yen, Mexico the new peso, Russia the ruble, Switzerland the Swiss franc and the U.K the pound. Many European countries use the euro.
The use of Money
There is one main use for money
ONE. The most common and important use for money is a medium of exchange, this is something people will take for there goods and services, in this case it is money. Without a medium of exchange we would have to trade for every thing. A modern, industrialized country could not function without a medium of exchange
The first minted coins.
The first mas produced, minted coins may have been made in 600 B.C in Lydia, a county in what is now western Turkey. the coins where bean-shaped lumps of electrum a natural mixture gold and silver. Traders excepted these coins instead of cattle, cloth, gold dust or other goods as a medium of trade.
Subscribe to:
Post Comments (Atom)
Favorite Sites
About Quauz
- Quauz
- Quauz lives in a house with a slanted roof and a door.he is a human and likes tennis. Quauz currently lives on Earth.
Copyright by Quauz .Most information from World Books Encyclopedia. Powered by Blogger.
0 comments:
Post a Comment