how much is money?

Answer 1

More than a few years ago, I was in a Money and Banking class while getting my economics degree. The professor was giving a brief over on money and spoke on inflation rates. "So how much is a dollar worth these days?" Various answers came out from numbers bantied about in the press recently, thirty-odd cents said some, twenty-odd cents said others. The professor smiled, slapped the table, and said "Sold!" Reaching into his pockets he produced a fistfull of coins and added, "I'll buy all the dollars you want to sell for 20 or 30-something cents."

Money is worth what money buys. The German Mark, in my early experience, was worth several US dollars, again, in my time. But during the hyperinflation between the end of WWI and sometime a little before Hitler came to power, a bushel basket of German Marks couldn't buy a loaf of bread. The value of money, therefore, is not always, and especially everywhere, the same.

When you walk into a store and have a piece of currency in your pocket, you have to decide whether that money is worth more to you in your own pocket than in trade for whatever the store is selling that you might want. The store, meanwhile, has done the same. Is it worth more to them for customers to come and go with money in their pockets, or to leave enough of it behind in trade for an item of merchandise? Again, different products, and quantities, have their perceived value. When the store changes its notion of value and will settle for less, they slap a "Sale" sign in the window and mark the prices lower. How much is money? It depends. If what it is worth to you for something matches what the seller wants for that thing.

Answer 2

Good Question!

When the U.S. dollar was first introduced as money the value was set at about 1/20th of an ounce of Gold.
That lasted till about 1934 when it was revalued to 1/35th of an ounce of Gold.

After Aug. 1971 the U.S. gvt. set the value of Gold @ $42.22 per ounce which it still is today on gvt. stored Gold only.....However in 1974 the value of Gold was allowed to float & Americans were allowed to own it again.

Currently it trades @ wholesale for about $660 per ounce.

You see Gold & Silver are REAL money, according to the U.S. Constitution.

A current dollar really has negative value because it's a debt issued by the federal reserve.
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Answer 3

100 pennies per dollar.

Answer 4

the price of money is infinite..