Page 257 - bune practici proiect Erasmus

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MONEY

HOW IMPORTANT IS IT TO YOU ?

Money has been used for thousands of years, and it has taken a wide variety of forms.

Commodities were used as money in ancient societies. A commodity was a unit of account ,the
medium of exchange ,and a store of value. Money bewitches people.

People devise most ingenious ways to get it,and most ingenious ways to get rid of it.Money

is the only commodity that is good for nothing but to be got rid of. It will not feed you ,clothe you,
shelter you ,or amuse you unless you spend it or invest it. It imparts value only parting. People will

do almost anything for money ,and money will do almost anything for people.

Money is a captivating, circulating and stressing puzzle. Ask an economist about money
and you may be sorry. He will tell you that money is a medium of exchange ,a standard of value,a

store of value and a standard of deferred payments. Benjamin Franklin said ”Time is Money”-but he
also said that money had never made a man happy ,nor would it, as there was nothing in its nature to
produce happiness.

The unit of English coinage is the pound sterling, which is worth 100 new pennies
(100p.).The symbol £ is always placed before the figures. But the abbreviation of “p” is written after
the corresponding figures. The Bank of England issues banknotes for £1, £5,£ 10 ,£50 and

£100.There are three bronze coins1/2(half penny),the one and two new penny and two cupro-nickel
coins, the five and ten new penny.