E10-Palal24

Revised:

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. We must have faith in the government and in the banking system in today’s society because if we believed our money was being handled with in an improper manner, then we would be hiding our money under our mattresses or around our houses. I never understood what happens in banks or how they take care of our money. I always thought money was quite simple; we either have some or we don’t, that’s it. However, by being introduced to this assignment and having compared Yap Fei with the Us and France gold trade in 1933 and the Brazilian cruzeros, it all seemed somewhat similar. We don’t actually see our money being transferred. When we get paid, we don’t get a check or get paid even in cash. It’s all directly transferred to our bank accounts and we have to just trust that we got more money.

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