Everything now revolves around money.
December 19, 2006 11:51pm CST
In this world we live in, People value money more than family and friends. A lot of people sue family members. Is money more important than family?
20 Dec 06
Ofcourse not,The most important for me is my family. Because U can earn money in different ways,But u can't return your family once you lost them. And because life is getting hard and hard now. People work for money they don't just let the money work for them.
20 Dec 06
Under a commodity money system, the objects used as money have intrinsic value, i.e., they have value beyond their use as money. For example, gold coins retain value because of gold's useful physical properties besides its value due to monetary usage, whereas paper notes are only worth as much as the monetary value assigned to them. Commodity money is usually adopted to simplify transactions in a barter economy, and so it functions first as a medium of exchange. It quickly begins functioning as a store of value, since holders of perishable goods can easily convert them into durable money. Fiat money is a relatively modern invention. A central authority (government) creates a new money object that has negligible inherent value. The widespread acceptance of fiat money is most frequently enhanced by the central authority mandating the money's acceptance under penalty of law and demanding this money in payment of taxes or tribute. At various times in history, government-issued promissory notes have later become fiat currencies (e.g. the US Dollar) and fiat currencies have gone on to become a form of commodity currency (e.g. the Swiss Dinar)