Question

Essay on money for ASL

Answer 1

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context,[1][2][3] or is easily converted to such a form.[citation needed] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfills these functions can be considered as money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".[6][dead link]

The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.[7][8][9]

Answer 2

Money:

As in mathematics zero has its own value like that money has its own value. For living a luxurious life for human being money is very necessary thing. As the trees and animals are found in all places, in the same way everywhere we require money also. To live in society and to maintain our position and status in the society, we need money. For Eating food or drinking water, clothing, to enter in the school, or to take medicine for treatment in hospital or for other purposes, we need a lot of money. Now the question arises that how to obtain the necessary money. For this we have to work hard to and study well, so that we can get a good job or, we can open our own business.

In old time, due to rich persons pressure the poor people suffer many problems. Rich people’s did not respect poor people’s and give them salary in small amounts. But now due to government, there is a improve in the salary of poor people’s. Government given the every right to poor people’s also as equally to rich people’s. Now equal opportunity for education is given to poor people’s also, so that they can also get any good job. Many people think that money gives rise to the evil in people's minds; I don’t think so, because thinking is a function of the human body and not the money.

I understand and agree with that the money is very important for our joy, which God has gifted us. It totally depends on people’s how they use money as some people think that nothing is better than love but some person thinks that money is everything and for earning money they went against the laws. They can do any crime act such as murder, robbery, corruption, taking bribe etc. So, it totally depends on person to person how they make use of money.