Money seems to have a big role in our society; you can’t do much or get far if you don’t have any. Money is valuable in different ways, even when you don’t see it physically. In today’s society you must have faith in the government and in the banking system that your money is being handled in the proper manner; if not, then you would have to hide all of your money under your mattress or around your house. I have no clue what happens in the banks, or how they take care of your money. I always thought money was simple; you either have some or you don’t—that’s it. However, being introduced to this assignment, the Yap Fei, US gold, French francs, Brazilian cruzeros, and debit accounts now seem similar. You don’t actually see your money being transferred. When you get paid, you aren’t handed cash, you don’t receive a physical check, the money’s all directly transferred to your bank account, and you just have to trust that you got more money.
Money seems to have a big role in our society; we cannot do much without it. Even when it is physically unavailable, money is still valuable. In today’s society, we rely on the government and the banking system to handle our money. Otherwise, our money would have to be hidden under a mattress or other particular places at home. It is uncertain for us to know how our money is managed in banks or if it is safe there. I used to perceive the nature of money as simple; some people have money while others do not. Being introduced to this assignment, the Yap Fei, US gold, French francs, Brazilian cruzeros, and debit accounts now seem similar. When we get paid, money is directly transferred into our bank accounts instead of receiving cash or physical checks. The electronic transfer of our money is a procedure that forces us to have faith in it.