What is the value of money? As in the price or cost of it? Can you actually by money with money? And by buy, do not burden yourself with the illusion of "exchanging", I mean actually buy money with money, for if it is possible to buy money with money then what is the vaule of money and if there is no value of money then the value (as princple or standard) is regulated by the possesion we think we need. So, is there a vaule of money or do the possessions we think we need at a certain time make the vaule of money to an individul fluctuate?
2006-07-15 09:52:25 · 5 answers · asked by nick p 4 in Business & Finance ➔ Investing
money changes value over time. Malthus talked about a hierarchy of need. Money only has value for what it can buy. If you have to worry about how you are going to pay for your next meal then a small amount of money might motivate you to spend a great deal of your time working. If on the other hand you are trying to decide whether to buy a Boeing Business Jet or fly commercial airlines then a great deal of money would have to be involved to get you to do any work.
2006-07-15 10:07:33 · answer #1 · answered by anonimous 6 · 0⤊ 0⤋
The price of money is called the interest rate. "Value" is difficult to quantify as it is subjective. As to buying money with money, it is the single most common transaction in the world. You can buy ¥ with $, £ with Euro, Swiss Francs with Mexican Pesos, etc. The current value of these daily money trades is about $1.3 trillion per day. Most currencies of the free world "float", or fluctuate against each other. One of the larger determinations of that price is the interest rate, or carrying cost. Other influences are government budget and trade deficits/surpluses, economic growth rates, and political considerations. Oppressive countries like China instead peg their curencies to others, in their case the US$. I think money has value. If you don't, than you can send yours to me and I'll take consume it for you at no charge.
2006-07-15 10:03:10 · answer #2 · answered by szydkids 5 · 0⤊ 0⤋
money is only a valueless piece of paper , yet its an information for exertions. if there wasnt money life may were more suitable useful there wont be poverty or robbery or crime, yet lower back money didnt exist lengthy time period in the past people used to commerce , and the clarification why people all started using money because some people received't have had the failings that people wanted.
2016-12-10 10:05:28 · answer #3 · answered by ? 4 · 0⤊ 0⤋
The worlds definition of money changed somewhat in recent years. Money is now worth what we think its worth. It's more defined by the credit or "credibility" of the people telling us what our money's worth. Mostly though it is all a house of funny money cards. Don't tell anyone, only their belief makes the system work.
2006-07-15 10:02:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
money does not have a standard value.
there is only comparisons. IE:
$1.00 usd in 2006 buys 1 lb of sugar.
$1.00 usd in 1966 buys 10 lbs of sugar.
today in reality 4lbs of sugar is over $2.00,
1960's it was 5lbs for less than $1.00.
2006-07-15 11:18:52 · answer #5 · answered by bajaexplorer 2 · 0⤊ 0⤋