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 has such a big role in our society that nothing can be done without it. Money has value in a variety of different ways, some of which cannot be physically expressed. In today’s society, a great deal of trust must be placed in the government and the banking system to properly handle our money; if not, then the only one to be trusted with it would be ourselves. I have no understanding of how banks handle our money. Money seems simple; we either have it or don’t have it—that’s it. However, being introduced to this assignment, the Yap Fei, US gold, French francs, Brazilian cruzeros, and debit accounts now seem similar. Money isn’t actually seen being transferred. No physical form of money is exchanged on payday, the money’s all directly transferred electronically, and we just have to trust that more money appears in our bank account.