Money has various uses in the moder

Money has various uses in the modern world: it is a measure of the value of goods and services, a means of exchanging such goods and services and a way to store up buying (purchasing) power so that one can use it later. As a measure of value, it is of very greatest use. If I work in an office, how can my employer know what to pay me for my services if there is no generally recognized measure of value? He may decide to pay me a certain number of loaves of bread each week, but then I shall have to exchange some of these loaves for other thins that I need: and how am I to know how many loaves of bread I should give for a pair of shoes or for the rent of my house, for example? Money gives us a very useful means of measuring such relative values.



Money is also of very great use as a means of exchange of goods and services. If, for example, I am a shoe-maker, it will not be at all convenient to me always to have to exchange the shoes I make for other goods or services. A doctor may want to buy a pair of shoes from me, for example, but I may not need medical care, so he will then have to find something else that I want, or look for another shoe-maker who needs him. Without money the tax-collector would come back to his office with an extraordinary collection of objects.



Considered as a means of storing up buying (purchasing) power, money has good and bad points. It can more easily be kept a long time than such things as food, which rots, or buildings, which slowly fall to pieces, or machines, which rust. It takes up very little space, and if you put it in a bank, it is as safe as anything in the world can be.



But modern money has some very serious disadvantages as means of storing up buying power. In the old days, when money was in the form of gold and silver coins, the metal in each was really worth the amount stamped on the coin. But the paper in modern paper money and even the metal in most modern coins are worth very much less than the amount written on them. As a result, the buying power of modern money can change very greatly in a short time.

….It is not surprising, therefore, that some people are doubtful about the wisdom of saving money

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Money has various uses in the modern world: it is a measure of the value of goods and services, a means of exchanging such goods and services and a way to store up buying (purchasing) power so that one can use it later. As a measure of value, it is of very greatest use. If I work in an office, how can my employer know what to pay me for my services if there is no generally recognized measure of value? He may decide to pay me a certain number of loaves of bread each week, but then I shall have to exchange some of these loaves for other thins that I need: and how am I to know how many loaves of bread I should give for a pair of shoes or for the rent of my house, for example? Money gives us a very useful means of measuring such relative values. Money is also of very great use as a means of exchange of goods and services. If, for example, I am a shoe-maker, it will not be at all convenient to me always to have to exchange the shoes I make for other goods or services. A doctor may want to buy a pair of shoes from me, for example, but I may not need medical care, so he will then have to find something else that I want, or look for another shoe-maker who needs him. Without money the tax-collector would come back to his office with an extraordinary collection of objects. Рассматриваются в качестве средства хранения до покупки (покупка) власть, деньги имеют хорошие и плохие моменты. Он может легко храниться долгое время чем такие вещи, как еда, которая загнивает, или здания, которые медленно падают на куски, или машины, которые ржавчина. Он занимает очень мало места, и если вы поместите его в банк, это так безопасно, как что-либо в мире может быть. Но современные деньги имеет некоторые очень серьезные недостатки как средства хранения вверх покупательной способностью. В старые времена, когда деньги были в виде золотых и серебряных монет, металла в каждый был действительно стоит сумма, штамп на монете. Но в современных бумажных денег и даже металл в самых современных монет стоит очень гораздо меньше, чем суммы, написанные на них. Как следствие покупательная способность современных денег может очень сильно измениться в короткое время... .it, поэтому неудивительно, что некоторые люди сомневаются о мудрости экономии денег