E10 – alexmoran17

False Interpretation

Money seems to have a big role in our society; you can’t do much or get far if you don’t have any. Money is valuable in different ways, even when you don’t see it physically. In today’s society you must have faith in the government, in the banking system, that your money is being handled with in the proper manner, if not then you would be hiding all of your money under your mattress, or around your house. I never really have a clue what happens in the banks, and how they take care of your money. I always just thought money was quite simple; you either have some or you don’t, that’s it. However, by being introduced to this assignment and having it compare the Yap Fei with the US and France gold trade in 1933, and the Brazilian cruzeros all seemed somewhat similar. No one actually sees their money being transferred. When you get paid, you don’t get a check or get paid even in cash, it’s all directly transferred to your bank account, and that you just have to trust that you got more money.

Personal Interpretation

Money has an involvement in our society that decides how much we can do and how far we go. Besides the physical appearance, money is valuable in many other ways. Although, we must have faith in the government and banking systems for handling our money properly, rather than keeping all the money in our households. With faith, we don’t need to know how the banks take care of our money. But, everyone should be familiar with how much money they have.  Rather than being given cash when we are paid, we don’t see our money, because the money is then transferred directly into our bank accounts. We learn to build trust with the banks that we have more money. Crossing into other countries, when comparing the Yap Fei vs. US and France gold trade in 1933,  the Brazilian cruzeros shares similarities with the way currency is being secured.

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