money

By Sam

Contents

Long ago.

Dept and credit.

what does money look like.

Money and interest.

How do we access Money.

What does money look like

Coins- made of metal at a mint

Notes- made of plastic or paper

In most countries notes are rectangular and coins are circular. Most money has pictures of famous people and the value of it on them. Coins usually have the date they were made on them.

Australian notes have a metal strip and a hologram or clear part on them so it is hard to counterfeit.

Contents

Debt and credit

Debt

Power

Food

Communication

Transport

Water

Tax

Clothes

House/land

Credit

Jobs

Sale of assets

government

Debt-owe moneyCredit-have money

Contents

My family

Long ago

Before money there was trading or bartering people traded things or services of equal value.

Contents

How do we access money

Money is usually stored in a bank, building society etc.

Contents

Money and interest

Banks don`t just store our money until we need it. They lend it out to other people. Those people have to pay the money .

The bank pays interest to people who put money into it

Contents

$. 1 million dollars

If I had $. 1 million dollars this is what I would buy

A laptop $. 500

$.98.00

A wii

$.24. 00