i need help with my homework... our Business Studies Teacher asked us Where does money come from... honestly all i can say is... our parents and the bank... hehe so can anyone explain the process of money?... hehe... i need this tonight...
2006-07-05 00:46:53 · 14 answers · asked by davidplastique 1 in Education & Reference ➔ Homework Help
mint.
http://www.usmint.gov/index.cfm?flash=yes
http://www.themint.org/
http://search.yahoo.com/search?p=money+mint&sp=1&fr2=sp-top&ei=UTF-8&fr=slv8-msgr&ei=UTF-8&SpellState=n-3000352500_q-%2FwoLsvjkWm2J6aGxO2WcPQABAA%40%40
2006-07-05 00:48:45 · answer #1 · answered by hammer2dead 4 · 0⤊ 0⤋
Money is a neutral medium of trade that allows a complex economy to function when bartering is not feasible. For example, when a merchant has something he can offer another merchant, he'll accept money for the other man's goods when the other man's goods do not offer any value to him. In other words, it's not possible for all suppliers of all goods to have all their goods in one place exchanging them with every other supplier all at once to meet everyone's needs.
Money should have an intrinsic value, so it can be redeemable universally. So gold, or silver make good mediums of exchange. It's not as if there NEEDS to be as much gold and silver as there is value in goods, because money only needs to be a transient asset, since the ultimate goal would be to possess goods. Paper money is like a note promising the equivalent value in goods or gold or silver.
However, nowadays, I believe money is based on the promise of value by the US government, which technically means they own the equivalent of the citizen's production (goods and services that WE work to make) in the number of US dollars in circulation. Either that, or the money's no good. What's backing it? It doesn't seem like a good precedent in a society that calls itself "capitalist"
2006-07-05 23:00:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Trees, wood grows on trees, people chop trees and make paper from them. Paper gets sent to the mint and the mint printes money!
2006-07-05 07:50:29 · answer #3 · answered by Mr Hex Vision 7 · 0⤊ 0⤋
money is made by the government, paper and all. It use to be backed by gold but no longer is... I don't know how it's backed up anymore. So it use to mean for each dollar there was x amount of gold that was in the vault to give it value.
2006-07-05 07:52:33 · answer #4 · answered by duuh 4 · 0⤊ 0⤋
tell your teacher that in her case the money comes from her purse
and in your case the oney coes from your dad
2006-07-05 07:51:37 · answer #5 · answered by WOLVERINE 4 · 0⤊ 0⤋
money is just paper, right? paper comes from trees. money comes from trees.
2006-07-05 07:50:46 · answer #6 · answered by Hottie girl seeks hottie boy:) 2 · 0⤊ 0⤋
money is made out of paper. paper is made out of lumber. lumber comes from trees...easy peasy lemon squeezey...hehehe
2006-07-05 08:35:35 · answer #7 · answered by isma 2 · 0⤊ 0⤋
in Canada a Beaver shi** it out , in the USA a eagle s**ts it out and I'm sure something s*i*s it out in all thge other countrys
2006-07-05 07:51:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋
royal mint
2006-07-05 07:54:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋
from other's pocket. money is circulated all the times.
2006-07-05 07:49:05 · answer #10 · answered by Prince 2 · 0⤊ 0⤋
don't know about anyone else mine comes from hubby.......... he makes.. it i spend it .... very good economics...my job is to keep the economy going and i work hard at it!
2006-07-05 08:04:28 · answer #11 · answered by Clyde 5 · 0⤊ 0⤋