What? Where? When? Money in the worl
We use money everywhere. Money is very comfortably. Money – is a financial tool that provides a commodity -exchange operations Usually, we use coins and bills. The government make people To take bills and coins as legal tender
Main functions of money: 1. Measure of value 2. Medium of circulation 3. Means of payment 4. Tool storage The main properties of the material of money: 1. Safeness 2. Recognizable 3. Keeping 4. portability
Thousands of years ago, money was not used. At the beginning instead of the money was barter. Many cultures around the world eventually developed the use of commodity money. Gradually, the role of money passed to the metals. The first paper money appeared in China in 910 AD. The earliest editions of the world's banknotes were made in Stockholm in 1661.
Types of money. Currency United Kingdom pound sterling USA United States dollar Denmark Danish krone Russia rouble Japan yen
Usually, people keep their money in the bank. It is very safe place. When you come to the bank you can: open a bank account, get a bank card, get a cheque Book, use the bank’s cash point and other things. And bank can checks your credit, change your money or cash your checks
There are many ways to spend money. You can: Pay utility bills Buy food Buy fashion clothes
Often we spend money on the usual trifle. This can be a gift to a friend or ball for the dog. But we should not spend money constantly. We must save them on more serious things. For example on the new car.
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