Money

 1. What is money ?

Money is a thing that people use for payments to buy things. Money is a thing that you could spend on like shopping toys and more expensive things.

2. History of money ?

No one knows for sure who first invented such money , but historians believe metal objects were first used as many as early as 5,000 B.C. Around 700 B.C. , the Lydians became the first western culture to make coins.

3. How is money made ?

The fed creates money by purchasing securities on the open market and adding the corresponding funds to the bank reserves of commercial banks.

4. What is money use for ?

To summarize , money has taken many forms through the ages , but money consistently has three functions: store of value , unit of account , and medium of exchange.

5. Why do people like money ?

Some people love money for the thing its allows them to do and others like to spend it or save every penny as a way to feel more secure.

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