money
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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.
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Debt and credit
Debt
Power
Food
Communication
Transport
Water
Tax
Clothes
House/land
Credit
Jobs
Sale of assets
government
Debt-owe moneyCredit-have money
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My family
Long ago
Before money there was trading or bartering people traded things or services of equal value.
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How do we access money
Money is usually stored in a bank, building society etc.
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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
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$. 1 million dollars
If I had $. 1 million dollars this is what I would buy
A laptop $. 500
$.98.00
A wii
$.24. 00