several main functions of money. They are; unit of account‚ medium of exchange‚ and store of value. Each function describes how money is used in the economy. The medium of exchange speaks to how we use money in exchange for goods. It is like a barter to get someone that has what I want to give it to me in exchange for something that they want. Money makes this an easier exchange. Everyone wants money‚ as it allows them to turn around and purchase what they want. If not for money we would have to exchange
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1. The original text : Money – Important or not? + Source : : Snow‚ R. Money - Important or Not?. Retrieved April 5th ‚2011‚ from http://EzineArticles.com/6059365 + Word count : 546. The author : Ray Snow Money - Important or Not? A There are many people that think that we are too dependent on money in our society today. They say that people are living their lives around money. Some even go so far as to say that people that are debt free and do not owe money on anything are selfish and
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* Function of money * Store of wealth (value) is any form of commodity‚ asset‚ or money that has value and can be stored and retrieved over time. Real estate‚ precious metals‚ gem stones‚ and similar assets can be a store of value. In all of these cases‚ people can exchange these items and hold them for varying periods of time. The value may even rise in storage‚ and sometimes a store of value can be held strategically with the goal of enjoying a rise in value‚ as for example with people who
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FOREST IS A VULNERABLE NATURAL RESOURCE SAVE OUR FOREST The poster is expressing concern about one of the most important resource: forest. It is one of the most vulnerable resources on our planet. The poster shows how humans are destroying this natural resource through cutting down trees and burning forests. This in turn is affecting the wildlife. The habitats of the wildlife are destroyed due to which some species become endangered and others die because they are not able to adapt to the new
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Texting While Driving Even More Dangerous The popularity of texting has caused an unforeseen danger- texting while driving. It has been proven scientifically that texting while driving reduces your awareness by almost half‚ and that texting while driving is over four times more dangerous than driving under the influence of alcohol. These are very disturbing results for anyone on the road‚ especially since it has been proven that an estimated 65% of drivers are texting and driving every single day
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the phrase “Money is the root of all evil”. Often people will think this phrase is not true. In this society‚ everybody needs money to survive. Money rules over everything. Without it‚ you cannot purchase anything at all. So how can money be the root of all evil when life would be miserable without money? With money‚ you can support your family members‚ help friends with income problems or even donating to the needy people and have a higher standard of living. So the more money you have‚ the
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insisting President Lincoln free the slaves immediately. In Lincoln’s reply he wrote "If I could save the Union without freeing any slaves‚ I would do it‚ and if I could save it by freeing all the slaves‚ I would do it‚ and if I could do it by freeing some and leaving others alone‚ I would also so that" (Voices of America‚ p.138). Lincoln had one thing at his mind during that time and that was to save the union. Also‚ Lincoln‚ took this upon
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the article “The Economic Case for Saving the Humanities” Christina Paxon makes an excellent argument in favor of supporting the Humanities studies. I have not given enough thought in the past but after reading this article I agree with her argument. She has made me realize how imperative the humanities studies are to society. She has given strong supportive evidence for how the humanities studies
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double the amount of available food by 2050 to meet the consumption needs of the projected 9 billion people on the planet. Shouldn’t the necessary first step be to reduce the amounts of waste within the food system? Recently‚ the United Nation Environment Programme (UNEP) and the FAO launched the Think.Eat.Save: Reduce Your Foodprint campaign to educate consumers‚ producers and retailers on food waste and encourage them to reduce food waste in the system. There is a stark contrast between developed
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THE ROLE AND USES OF MONEY The classical economists were of the view that money was discovered to remove the defects of barter. The important functions of money for them were to serve as a medium of exchange and standard of material. They examined in detail the characteristics of a good money material and the forces which operate in determining the value of money. The classical economists were of the view that the volume of output‚ the quantity and quality of the goods to be consumed‚ the volume
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