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DktOdongo

90% of people in the world don't know the answer to the question: What is money?

In today’s world, people are working day and night looking for money, yet 90% don’t know exactly what is money. Do you think an understanding to what is money, would make people know how to look for money, which eventually helps eradicating poverty?

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1 Her Answer

  1. Money is a very fluid concept that is controlled by the global capitalist system. The moment you decide what it is, you find it has already changed or morphed into something else again. Before hard currency, different communities defined what money was based on their needs and resources available inRead more

    Money is a very fluid concept that is controlled by the global capitalist system. The moment you decide what it is, you find it has already changed or morphed into something else again. Before hard currency, different communities defined what money was based on their needs and resources available in their space. Today, global corpirations decide what money is for communities they have never even set foot in. They also decide how valuable their resources are and what price tag will be used on them. It is a very unfair and unjust monetary system that is about to crush if not well addressed. My point is that regardless of how much you have, someone else will always decide the value and worth of it all. If that is not the most unjust thing, then I know nothing about justice anymore.

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3 Him Answers

  1. This answer was edited.

    Money is a unit of exchange, but it can also be much more or much less than that, depending on who is handling it. For some it is an investment, for others it is security, for others it is a storage of value, for many more it is a way to get by from one day to another. We may hold the same amount ofRead more

    Money is a unit of exchange, but it can also be much more or much less than that, depending on who is handling it. For some it is an investment, for others it is security, for others it is a storage of value, for many more it is a way to get by from one day to another. We may hold the same amount of money but the meaning we attach to it determines what it does for us in return.

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  2. Money is cash and wealth is the diversification of that cash to take several forms like investments, bonds, savings, and others.

    Money is cash and wealth is the diversification of that cash to take several forms like investments, bonds, savings, and others.

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  3. Money is anything you want it to be but the World Bank and IMF decide the conversion rates.

    Money is anything you want it to be but the World Bank and IMF decide the conversion rates.

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2 Answers

  1. I'd say money is man's illusion of worth/value, where a piece of paper has been placed different values on in return for trade with one another that keeps the human race in the rat race for a "paradise" sold to us that is far beyond our reach and if you dont have it you are considered poor and the fRead more

    I’d say money is man’s illusion of worth/value, where a piece of paper has been placed different values on in return for trade with one another that keeps the human race in the rat race for a “paradise” sold to us that is far beyond our reach and if you dont have it you are considered poor and the few that have it, hoard it and make it scarce to some extent in order to create a high demand for it. Money is a business and not a currency. Its supply is minimal so that its demand is high. Basic business 101. in my opinion.

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  2. Money is a tool for economic system to power that influence situations in leadership and technology. In African the richest has gain resources using instruments of power to influence policies that favor them instead of the communities they represent.

    Money is a tool for economic system to power that influence situations in leadership and technology. In African the richest has gain resources using instruments of power to influence policies that favor them instead of the communities they represent.

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