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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.
Consider the American Indians using Wampum, West Africans trading in decorative metallic objects called Manillas, and the Fijians economy based on whale's teeth, some of which are still legal tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number of stones including jade and quartz, which have all been used for trade across the world, and we get a taste of the variety of accepted currency.
There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thing for a community to do.
After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The idea is really inspired, which might explain why so many diverse minds came up with it. Once the money is accepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers".
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance," said President James Madison.
Money, money, money, it's always just been there, right? Wrong. Obviously, it's issued by the government to make it easy for us to exchange things. Wrong again!
Truth is, most people don't realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.
Q. What is meant by convenience?
  • a)
    comfort
  • b)
    transport
  • c)
    clown
  • d)
    escape
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Tell someone that you are going to a convention of accountants and you...
Understanding "Convenience"
The term "convenience" in the context of money primarily refers to the comfort and ease it provides in transactions, making exchanges simpler and more efficient.

Definition of Convenience
- Convenience is defined as the quality of being easy to use or access, leading to a reduction in effort or time spent on a task.

Importance in Trade
- Money serves as a medium of exchange, which means it simplifies the trading process.
- Instead of bartering, where both parties must want what the other has, money allows individuals to trade goods and services without requiring direct matching needs.

Benefits of Using Money
- **Time-Saving**: Transactions can occur quickly without lengthy negotiations.
- **Efficiency**: Money standardizes value, making it easier to determine worth and compare prices.
- **Wider Reach**: Using money enables trade over greater distances, connecting diverse markets and communities.

Historical Perspective
- Historically, various forms of currency emerged to provide convenient solutions to trade problems faced by primitive societies.
- The evolution of money—from shells to metal coins—has consistently aimed to enhance the convenience of exchanges.

Conclusion
- In essence, the concept of convenience embodies the transformative role of money in society.
- By facilitating easier transactions, money not only enhances individual comfort but also supports the development of complex economies and trade networks.
Understanding this concept enriches our appreciation of money's significance beyond mere currency—it's a fundamental pillar of societal function and cooperation.
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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by the word, fascinating? (para 2)

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by the word, Intrigue?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is unique about the development of money?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is fascinating and almost magical?

Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.Which currencies did the West African use?

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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer?
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Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 9. Download more important topics, notes, lectures and mock test series for Class 9 Exam by signing up for free.
Here you can find the meaning of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Tell someone that you are going to a convention of accountants and you might get a few yawns, yet money and how it works is probably one of the most interesting things on earth. It is fascinating and almost magical, how money appeared on our planet. Unlike most developments we enjoy, which can be traced back to a source, civilisation or inventor, money appeared in places then unconnected all over the world in a remarkably similar way.Consider the American Indians using Wampum, West Africans trading in decorative metallic objectscalled Manillas, and the Fijians economy based on whales teeth, some of which are still legal tender;add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a large number ofstones including jade and quartz, which have all been used for trade across the world, and we get ataste of the variety of accepted currency.There is something charming and childlike imagining primitive societies, our ancestors, using all these colourful forms of money. As long as everyone concerned can agree on a value, this is a sensible thingfor a community to do.After all, the person who has what you need might not need what you have to trade. Money solves that problem neatly. Real value with each exchange, and everyone gaining from the convenience. The ideais really inspired, which might explain why so many diverse minds came up with it. Once the money isaccepted as a form of exchange, those who produce, loan out, and manipulate the quantity of money are obviously in a very strong position They are the "Money Changers"."History records that the money changers have used every form of abuse, intrigue, deceit, and violentmeans possible to maintain their control over governments by controlling money and its issuance,"said President James Madison.Money, money, money, its always just been there, right? Wrong. Obviously, its issued by thegovernment to make it easy for us to exchange things. Wrong again!Truth is, most people dont realise that the issuing of money is essentially a private business and that the privilege of issuing money has been a major bone of contention throughout history.Q.What is meant by convenience?a)comfortb)transportc)clownd)escapeCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 9 tests.
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