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 has a significant role in our society; we can’t do much or get far if we don’t have any. Money is valuable in many different ways, even without visibly seeing it. In today’s society, we must have faith in the government and banking systems that money is being handled properly. If not, society would resort to hiding money under our mattresses or around the house. Most of society knows little about what happens in the banks and how they handle our money. Often it’s thought to be 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 cruzeiros, and debit accounts now seem similar. We don’t see when money is being transferred. When we get paid, we aren’t handed cash or given a physical check; the money is directly transferred to our bank accounts, and we have to trust that we have the money.