“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, not much can be done without it. Money is valuable in different ways, even when it’s not seen physically. In today’s society, it’s expected to have faith in the government and in the banking system to handle everyone’s money in a proper manner; if the faith isn’t there we would have to resort to hiding money in mattresses and in the home. I don’t know what the bank does with the money, or how it’s handled. I always had a simple image on money, it’s either there to use or it’s not–that’s it. However being introduced to this assignment, the Yap Fei, US Gold, French Francs, Brazilian Cruzeros, and debit accounts now seem similar. The money isn’t actually seen being transferred. When a paycheck is administered the individual doesn’t receive cash, not even a physical check anymore. The money is transferred right to the bank account; the process just has to be trusted.