Money is like a special ticket that lets you trade things with others. Long ago, people used real gold or silver coins, they were very valuable and hard to carry around in big amounts. But now we use paper money, and even tiny bits of data on our phones to pay for things. This change happened because it was easier to carry and use more of them. Think about how you trade toys with your friends, sometimes you give one toy, but other times you use a special ticket that everyone agrees has value.
Examples
- You use your phone to pay for a soda at the store, that’s digital money.
- Back in ancient times, people used gold coins instead of paper.
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See also
- Why Do We Have Different Kinds of Taxes?
- Why Do Prices Change So Much?
- Why Do We Use Money Instead of Bartering?
- Why Do Prices Go Up So Much When There's a Shortage?
- Why Do We Have Different Kinds of Coins?
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Categories: Economics · money,economy,history of money