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Origins ¦ After the Gold Standard: What Is Your Money Worth?

Name: Origins ¦ After the Gold Standard: What Is Your Money Worth?
Uploaded: 2019-06-23
Channel: Alrayat Alsud
Description: Origins ¦ After the Gold Standard: What Is Your Money Worth? In our hands daily we have banknotes, precious pieces of paper, which modern life would be unthinkable without them.In such a costly and competitive society and world, none of us can l

Last updated يونيو 25, 2019

Origins ¦ After the Gold Standard: What Is Your Money Worth?

In our hands daily we have banknotes, precious pieces of paper, which modern life would be unthinkable without them.

In such a costly and competitive society and world, none of us can live without money. Money is the most basic requirement of life without which a person cannot fulfil his needs and requirements.

You order a coffee, you reach into your pocket, and pull out a few bills, folded and slightly crumpled on the edges. In the shop across from you a man pulls out his wallet to pay for a new phone in cash. On the other side someone hands over a paper note to a newspaper seller on the street.

But did you ever ask yourself: What is paper money? Why are people currently exchanging pieces of paper for goods and services? Where does it come from? And why is this paper in high demand?

These are crucial questions with answers that will have a major impact on your perspective of life.