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Money is whatever society agrees to have value attached to it, whether it's sheets of paper, gold and silver coins, sea shells, or anything else.
What else can I help you with?
Is there paper in money?
No. just cotton.
How is paper money used?
if paper dose not exits we cannot avail these services or also we have a allots of opportunities because of paper money's we have electronic dealings just because of paper money
How is money used today?
if paper dose not exits we cannot avail these services or also we have a allots of opportunities because of paper money's we have electronic dealings just because of paper money
When a government prints paper money without gold to back it up, _______ results?
The money is no good. It is just paper. Money needs to have a solid value behind it.
Why coins were a more desirable form of money than paper during the colonial period?
coins used to be a form of trade. silver coins had higher denomination than larger copper coins. Paper was worth next to nothing. The paper money money was not popular because the paper money just meant that you can redeem this paper for silver. So at that time there was no point to the paper money
Did china make paper in the old timey days or do they just now?
The chinese invented paper money i swear
Why is paper money better than money coins?
It just is its lighter,less bulky,and nearly can fit everywhere!
What was shinplaster?
paper money paper money
Why can't the Dept of Treasury just make more money?
If the money is not backed up by something, it is just paper. The US used to back all of its paper money with gold or silver. Just printing money without something to support it leads to rampant inflation.
Is money really just paper?
Money is more than just paper; it serves as a medium of exchange, a unit of account, and a store of value in an economy. Its value is based on trust in the issuing authority and the belief in its purchasing power. While physical money may be made of paper or metal, digital forms of money also exist in today's economy.
Where did the banks get their money in the first place?
Money is just paper, it is printed off in factories or a bank machine, then distributed through the bank
What was acient chinese paper money made of?
If it is called "paper money", then presumably, it was made from paper.
