Money used to be made of paper, but now we have phones and apps for paying. So why do we still use paper money? Paper money is like a magic note that can buy you candy or toys, it doesn’t change shape, and everyone knows how much it’s worth. Even though we have digital ways of paying, paper money feels familiar, safe, and simple.
Why Paper Still Works
Sometimes, people don’t have internet or phones to use for payments. That’s when paper money is really useful, you can just hand someone a bill instead of waiting for your phone to load up.
Examples
- You hand a $10 bill to buy candy at the store.
- You give your friend $2 for a pencil.
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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,currency,paper money,economics history