Enough About You-Philly321

Money seems to have a big role in our society; we can’t do much or get far if we don’t have any. Money is valuable in different ways, even when we don’t see it physically. The transfer of money (some of which is never seen) can be physically exchanged in return for tangible goods and services. In today’s society we must have faith in the government and in the banking system that our money is being handled with in the proper manner, if not then we would have to hide all of our money under our mattresses or around our houses. I have no clue what happens in the banks, or how they take care of our money. I always thought money was simple; we either have some or we 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. No one actually sees their money being transferred. When we get paid, we are not handed something palpable, we receive a number on a screen that reflects our income. We simply need to trust that the screen is right. Effectively, our banking system [via online banking, direct deposit and paperless bank statements] makes our economy run smooth and effectively.