essentials of money credit & banking
2006-11-13 20:01:10 · 3 answers · asked by hello kitty l 1 in Business & Finance ➔ Personal Finance
As one of my finance professors so clearly stated it... "In God We Trust". It is on every piece of paper and coin in the US. There is no backing or "gold standard" of the almighty dollar anymore. It is really just a highly accepted form of trade for a common tool for bartering.
2006-11-13 20:07:21 · answer #1 · answered by whome 3 · 0⤊ 0⤋
People Say-- When money talks bullsiht walks....
My opinion is slightly different.. U know money is something but not everything, it can bring you the luxeries and resources but how you use them and enjoy then,purely depends on you and spirite.
So like dream money is essential part of life but to be handled is such a way that you should be the master of it rather becoming a slave of money..
Enjoy every bit of it,earn it hardly.... Live for it don't die for it..
BE POSITIVE & KEEP SMILING :)
2006-11-13 20:43:19 · answer #2 · answered by amish_sagar2000 2 · 0⤊ 0⤋
if you had everything you needed you wouldnt need to buy anything, hence MONE IS A MEANS OF EXCHANGE.
Money is also a store of value. there are a few other terms, i forget them now, but heck its been twenty odd years i studied all that, since that time, all i know is that you never seem to have enough of it!!
2006-11-13 20:06:07 · answer #3 · answered by busola h 2 · 0⤊ 0⤋