Imagine you're at a store, and instead of using paper bills, you use little round pieces of metal, that's what coins are! Coins have been used for a long time because they’re easy to carry, don’t wear out as fast as paper money, and people can tell the value just by looking at them. Even though we have smartphones and credit cards today, coins still help us buy things like candy or soda.
Examples
- Your mom gives you a few coins to buy candy from the store.
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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 · currency,money systems,coins,economic history