i heard that all the money one counrty has, is all the amount of gold they posses,
and is that isn't true and how come they just don't make money for people that are poor, and hungry, and have no homes, asking about Canada and the USA. what is money standing for just for working, or is there somewhat of a certain amount made each year?
like what is money standing for i hope you know what i mean.....someone help cause its mind blowing!
2007-03-16 20:05:06 · 2 answers · asked by Anonymous in Social Science ➔ Economics
It's not that simple. And in the USA, the money we have is based on 'trust', not gold (since the 1970's it's been like that). Search for 'economy' on Wikipedia and it'll give you some nice info.
I agree with you, it is mind-blowing, though...
2007-03-16 20:13:11 · answer #1 · answered by pedros2008 3 · 0⤊ 0⤋
Thats not true. Monay a country has is based on its industral and economic strength.
2007-03-17 03:10:16 · answer #2 · answered by Dr Dee 7 · 0⤊ 0⤋