E10- Haveanelephantasticday

Original Post:

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, in the banking system, that your money is being handled with in the proper manner, if not then you would be hiding all of your money under your mattress, or around your house. I never really have a clue what happens in the banks, and how they take care of your money. I always just thought money was quite simple; you either have some or you don’t, that’s it. However, by being introduced to this assignment and having it compare the Yap Fei with the US and France gold trade in 1933, and the Brazilian cruzeros all seemed somewhat similar. No one actually sees their money being transferred. When you get paid, you don’t get a check or get paid even in cash, it’s all directly transferred to your bank account, and that you just have to trust that you got more money.

New Post:

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 it’s not physically present. Without faith in the government and banking system, we would be hiding our money under mattresses in our homes. It has always been unclear how banks handle money. Comparing our money to the Yap fei, the US and France’s gold trade in 1933, and Brazilian Cruzeros is a prime example of not actually having physical money. In the banks, money is not physically transferred, when depositing checks, numbers are just moved around in the computer. This requires trust in the banking system that money ends up where it belongs.

About Dev

I'm short and awkward and I love America more than any 20 year old girl should.
This entry was posted in E10: Enough About You, haveanelephantasticday. Bookmark the permalink.

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