Taking money into a new concept

United States
April 5, 2010 3:53pm CST
Well, when people talk about money, we all given the impression of paper money bill. Like the "green dollar bill" we spend day to day. As long as we recognize it, we authorize it a power to purchase stuff we needs. As our system getting developed, especially with the electronic convenience, we use credit cards, debit cards to replace the green dollar bills. Now, it is widespread all over the world. As our global banking system getting connected, and we developed a new way to recognize money, electronically, as long as we recognize its existence. Such as online earning, we made money from paid - to websites, and they send the our earnings to paypal, and we transfer our paypal balance to our checking account of our designated banks. As long as there is a number on it, and we can use it for purchase online, or elsewhere.
1 response
@1anurag1 (3581)
• India
6 Apr 10
yes i agree that earlier there are many alternatives of money, before money there were exchange of things between people. but gradually the time came when people had started using money. and today money has been used in electronic form and used virtually.
• United States
6 Apr 10
As long as people recognize it, and giving its power to exchange, we accepted it as money, doesn't matter what it is, or how it is look like. That is the concept of money.