What is money?

@mokbul (616)
Singapore
November 9, 2008 9:44pm CST
In olden days there was no money, it was rather a barter arrangement. You exchange your less required item with some who needs your item and you may get yours which is a less required item for him. Rich people used to get labors from poor people in exchange of food and clothings. Now money is the media for measuring value of an item or a services. It is piece of paper carrying value in the land. You can carry a very big bill of one country to another, where this piece of paper have no meaning unless accepted as exchangeable currency and get the local equivalent currency. With globalization the currencies of various countries are becoming more exchangeable with each others. Sometimes we do not see it that is the electronic money. Millions of dollars being transfered from account to another without physical presence. I think it is peace of mind, I feel happy to see my bank balance.
1 person likes this
3 responses
@23uday (2998)
• India
10 Nov 08
Hi frnds, I love money and every one love money.Me and every one will works in their respective jobs for that they get money(salary).Every one wants a money to buy any thing to have money.Money is very very important to every one and useful money to us. What need a food,cloths,products,homes,car,bike,etc like that for every purchase we need a money buy that one.Money is very much important to human's life. We have to save as money don't waste our moneys,we have to save money in banks,investment in shares,life insurance.Nowadays fale currency notes are coming in to the people's life.Money is very important either rich or poor persons both of us need a money for them.
@mokbul (616)
• Singapore
10 Nov 08
You are very right. Whole world is dancing on the tune of money.
• United States
10 Nov 08
What is it about your bank balance that makes you happy? I really didn't understand notional debt, or how money actually worked, until I saw Zeitgeist Addendum (October 2008). If you're interested to see where your money comes from and how its value is determined, watch this movie at www.zeitgeistmovie.com or download and burn it...all for free. :-D Happy lotting! :-)
@carmela0210 (1591)
• Philippines
10 Nov 08
money??that little thing,,,that little paper makes the whole world go round now,lol!!everyone needs money, in our daily life, no one need money right now!!even the new born babies needs money even its indirectly but they need for their basic need!!happy lotting...