Imagine you and your friend are playing a game with marbles. You both have marbles, but sometimes you trade them for candy or toys. Paper money is like those marbles, it helps people buy things without needing to carry around everything they own. Even though we can now pay using phones, paper money still works well, especially when people don’t always have their phone with them. That’s why many people still use it today.
Examples
- You give your friend $10 to buy candy from the store.
- Your mom gives you a $20 bill so you can go to the movies.
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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 · Paper Money,Digital Payments,Currency Evolution