Why Do We Need Know The Characteristics Of A Good Money?

5

5 Answers

Anonymous Profile
Anonymous answered
It's answer is a simple question why do we need to bother about money we gain it from work and use it to buy stuff easy as said. Especially in the case of going abroad, you often see the difference of currency between countries but have you often wonder why? Is it because our economy is low or whatever the reason maybe why is our value low. But if you truly go deeper in the matter you see the criteria of what makes a good money and how we can improve it. Think of it this way if we understand how money changes the economy, we get more incentives for example china there country was in a ditch before but because the government held and monitored the people's money the currency between it and other countries didn't increase much. And because of this look how far they are now. Money has a lot ways too be both useful and a simple piece of trash it all depends on how you contribute to make your currency/money a good one.
Anonymous Profile
Anonymous answered
The currency of an economy is a guarantee of legal tender. Knowing the characteristics of a good money will simply help us in maintaining the  total economic picture of our legal tender.  If people  are aware  that their currency is good then they will be more encouraged to support the  economy.This is also a way of seeing from a consumer's point of view the  importance of monitoring the performance of our currency in the international market.
Anonymous Profile
Anonymous answered
The economy will not survive without good money.If we don't have good money,the economy will lose its stability and people will no longer support their local economy and support the economy of another country by working there,for example.Since we only make money in order to consume products,a country's government should implement the basic characteristics of good money,in order to please its people,so they could continue supporting their local economy.

Joseph Anthony S. Miranda II   4-J
Anonymous Profile
Anonymous answered
Because as the legal tender of a country, it is wise to know if the value of our money is improving. We will also know of our economy is doing well base on how our money is valued at. The stronger our money is, the better for the development of the economy. Money that is considered to be "good" tends to leave an economy through international trade. Good money is also attracted to people who knows how to treat or handle it well. Good money can buy us many good things in Life.
Anonymous Profile
Anonymous answered
We need to know the characteristics of a good money in order to assess the economic fundamentals (production of goods and services, employment rate, inflation, fiscal deficit) of the country which issues the money, whether that economy is strong or weak. In general, a strong currency indicates a strong economy and vice versa, a weak currency indicates a weak economy.

Yeager Meneses

Answer Question

Anonymous