Why Some People Love Money





Why People Love Money so much? One has to have enough to manage the necessities in life, Many from the west think it not important. However ask someone who has none and they will tell you differently. Without money it will be difficult to fulfill your daily basic needs. Dollars, pounds, silver, whatever it may be, as long as we are bound by markets money in any of its forms will always be something we chase after.

While some still prefer to buy gold bullion coins and bars from US Money Reserve, it’s the stack of bills that people really like to play with.Money is generally considered an object that circulates widely as a means of payment.  Broken down further, there are actually two types of money: commodity money and fiat money.
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On the other hand, when people’s belief in money is strong, when we really love our money, people tend to hold onto their money.  Some economists suggest that this is because the demand for money is a function of two variables: interest rates on close substitutes to money like bonds and the level of income.
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Higher income means a higher demand for holding money as the number and value of ones transactions increase.  On the other hand, if an individual sees a higher return from an interest-yielding asset instead of the interest given by the bank, the individual is likely to hold less money in liquid form (coins and bills).

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