We are all inately greedy and selfish people even if we arent fully aware of it at times. Money helps us decide how to allocate scarce resources. Lv 4. They are the most selfish people in the world. Then it's easier to make change for a 20 than for a sheep. tercero. Why does money exist? Some people can grow vegetable while others take care of cattles or fish for food. Money was a common feature of life on Earth from the 16th century onward throughout the 19th, 20th, and 21st centuries.. because the human mind doesnt work like that. As a good, it has a limited supply, and therefore there is a demand for it. No and yes. now i can trade my pencil for money and use that money to trade for a pen! (VOY: "Future's End") The colloquialism "bucks" was still in use by 2032 to refer to money, specifically the American dollar. 1 0. The time value of money matters because, as the basis of Western finance, you will use it in your daily consumer, business and … So why does a five-dollar bill have value and some other pieces of paper do not? They (the bankers) are sitting on our shoulders, waving money in front of us, for their benefit. 4 years ago. All these activities are time consuming and not possible for one person. Source (s): https://shrinke.im/a8Hkp. For example: there is a limited amount of beautiful, beachfront property on earth. After harvest season, people barter trade with one … There is a demand because people can use the money to purchase the goods and services they need and want. Why DO we pay to live? During this time, which would last all the way until 1971, money and gold were not separate, but convertible versions of each other in … Because people like feeling Superior to others. People would do this for the world, not for themselves like they currently do. The only reason money exists today, is because the people who control it, get what they want be waving it in our face. In fact, we are often told this is why independent central banks exist in the first place. 0 0. First, it is because humans have a growing sphere of contact in life and deal from a cognitive framework that emphasizes abstraction. A2A. It’s simple: Money is a both a good and a method of exchange. Money on Earth. Less flippantly, it exists because resources are scarce. 1 1. 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. Peter. Why Does the Time Value of Money Matter? You can sign in to vote the answer. How do you think about the answers? 4 years ago. 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. Anonymous. it exists to allow for trade between people who dont have a medium to trade, with others who do. Money exist so that people can multitasking. According to Tom Paris, "nice clothes, [a] fast car, and lots of money" would be required in the Los Angeles of 1996. 1 decade ago. 0 0. 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. thus money exists! Favourite answer. 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. Of us, for their benefit now i can trade my pencil why does money exist money and use that to... Decide how to allocate scarce resources of beautiful, beachfront property on earth from the 16th century onward throughout 19th... S simple: money is a both a good, it is because humans have a growing sphere of in! Are scarce greedy and selfish people even if we arent fully aware of it at times use that money trade... 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