Drafting aspeech. The place of money in our life.
Answers
Answer:
Money is an essential commodity that helps run our lives. Exchanging goods for goods is an older practice and without any money, we can buy anything we wish. Money has become important because people are trying to save wealth for their future needs. Rich people are rich as they know or realize the true value of money.
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Answer:
Hello everyone, I am here to present a speech on Money. Money is anything that people use to buy goods and services. Money is also that people receive for selling their own things or services. Most countries have their own kind of money such as the United States has a dollar, Britain has pound and Indian has rupees. Money is also called by many other names such as currency or cash.
Types of Money
There are different types of money as commodity money, convertible money, inconvertible money, bank deposit, and electronic money. Commodity money can be used for other purposes besides serving as a medium of exchange. Cattle, silk, gold, and silver are some examples of commodity money.
Convertible paper is money that can be converted into gold and silver. Inconvertible money is the money that we cannot convert into gold and silver. Notes and coins are inconvertible money. Such type of money is a country’s legal tender.
Money is an essential commodity that helps run our lives. Exchanging goods for goods is an older practice and without any money, we can buy anything we wish. Money has become important because people are trying to save wealth for their future needs.
wealth for their future needs. Money also affects Relationships
There are many people who grow hatred between each other only because of money. There are also people who treat rich people with respect and poor people with disrespect. Women also prefer men who are rich and powerful for marriage. Thus money also has the power to make and break relationships.
It’s important to earn money but it’s also important to save money. Someone has rightly said that if you save money today, the money will save you in the future. If you work hard and spend all the money then it’s of no sense. Saved money can also help you in older age and in times of medical emergencies.
There are many schemes of government that encourages and help people who want to save a portion of their income as savings. Investment is also an option of saving. One can adopt any kind of investment after proper consultation.
Conclusion
At last, money makes the world revolve and function. Money satisfies our needs and gives us pleasure and satisfaction. Money can bring us everything but money is not everything. One should value relationships more than money. People and our relationship with each other are more important than money.
Money should be utilized for the betterment of society. Rich people should help and respect poor people. We should also inculcate in our children, habit of saving from an early age. Money, if used wisely and properly, will contribute to the building of a strong, developed and powerful nation
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