Lv 4. Favourite answer. Why Does Money Exist. Saw a post on r/Showerthoughts about how it's strange that humans pay to live on Earth and it actually made me think for a bit. There are many reasons why money exists, and the major one is so that you can have an agreed value on something. Why does money exist? As a good, it has a limited supply, and therefore there is a demand for it. it exists to allow for trade between people who dont have a medium to trade, with others who do. It’s simple: Money is a both a good and a method of exchange. Some people can grow vegetable while others take care of cattles or fish for food. Why Does the Time Value of Money Matter? 0 0. According to Tom Paris, "nice clothes, [a] fast car, and lots of money" would be required in the Los Angeles of 1996. Then it's easier to make change for a 20 than for a sheep. Source (s): https://shrinke.im/a8Hkp. How do you think about the answers? 4 years ago. No and yes. During this time, which would last all the way until 1971, money and gold were not separate, but convertible versions of each other in … Why DO we pay to live? They (the bankers) are sitting on our shoulders, waving money in front of us, for their benefit. They are the most selfish people in the world. In fact, we are often told this is why independent central banks exist in the first place. Money exist so that people can multitasking. For example: there is a limited amount of beautiful, beachfront property on earth. All these activities are time consuming and not possible for one person. Because people like feeling Superior to others. 1 1. 0 0. There is a demand because people can use the money to purchase the goods and services they need and want. Money on Earth. The only reason money exists today, is because the people who control it, get what they want be waving it in our face. Money was a common feature of life on Earth from the 16th century onward throughout the 19th, 20th, and 21st centuries.. 1 decade ago. The time value of money matters because, as the basis of Western finance, you will use it in your daily consumer, business and … 1 0. So why does a five-dollar bill have value and some other pieces of paper do not? We are all inately greedy and selfish people even if we arent fully aware of it at times. because the human mind doesnt work like that. If we pay to live in an apartment I'll assume that you're paying the landlord so he/she can survive and do the same thing or buy groceries or a smartphone or a TV. now i can trade my pencil for money and use that money to trade for a pen! A2A. After a brief pause during the Civil War when paper money could not be redeemed for metal, the true era of the "gold standard" began. tercero. (VOY: "Future's End") The colloquialism "bucks" was still in use by 2032 to refer to money, specifically the American dollar. 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