2007-02-24 03:20:08 · 5 answers · asked by kinnupannu 1 in Business & Finance ➔ Investing
A medium of exchange - replaced barter. Instead of trading goods, we trade our labor for wages and spend this money to buy the things we need.
The Government usually regulates what is acceptable as cash - what is legal tender i.e. you can't print your own money.
On the other hand, you can pay bills with checks, paypal, online bill-paying where the "money" is transferred from your account to the payee with no cash involved.
Finally, money is an asset class - there is cash, bank deposits, CDs etc. that are all considered "money". The Fed likes to control the supply of money by buying or selling Government securities to banks.
2007-02-24 04:54:18 · answer #1 · answered by rarguile 6 · 0⤊ 0⤋
If you donot know? then have it, specailly a lot! then you will know.
what is money.Poor cannot help poor people but Rich people can only help poor.Just remember that.
I teach people and help them the way they think.Drop a line if you want to know more;
setuup4@yahoo.com
2007-02-24 04:13:39 · answer #2 · answered by Prakash P 2 · 0⤊ 0⤋
The root of all evil. I love to be evil
2007-02-24 03:29:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It talks.
2007-02-24 03:27:42 · answer #4 · answered by ? 4 · 0⤊ 0⤋
not reall,y sure.....................but I need a lot of it!
2007-02-24 03:28:33 · answer #5 · answered by slipstream 7 · 0⤊ 0⤋