Topic 8: Money

Money means something that I can exchange with what I want legally. In fact, money is anything that people will accept as payment for goods and services. Whatever it is that people choose to use as money, it should perform three important functions. It can be exchanged through goods and services. Money also serves as a standard of value, the yardstick of economic worth in the exchange process. It allows people to measure the relative costs of goods and services. Money acts as a store of value, that is, something that holds its value overtime. People, therefore, do not need to spend all their money at once or in one place; they can put it aside for later use. They know that it will be accepted wherever and whenever it is presented to purchase goods and services.  I always get my money from my dad and my mom, and during the Chinese New year I get money from the closer relatives and my parents. The total amount is about $3000 NTD, I think money is really important to my life, because without them I cannot do anything. (ex. I need money to go to school, and to buy food to eat order to survive) I think I need more that I have now, because by the time I need to go to college I will need much more money then now. But when it all comes to money I have to be intellect and sensible of what I do for to get it.