Wednesday, January 19, 2011

Types Of Money

Here Are The Types Of Money:
1.Metallic Money-This are the money we call "BARYA" in TAGALOG this is a perfect example of a METALLIC MONEY.
2.Paper Money-This are the notes or checks that have the permit of the Gov. to be use in buying items such as Clothes,House,Cars,etc.
3.Goods for Services-This are the type of money that you do if you have no money...
for example: You eat at a "CARINDERIA" after you eat the waitress will ask for your payment then you have nothing to pay you will now do service to be able to pay your debt it is to wash the dishes.That is a perfect example of a Good for Services type of money.
4.Card money-this type of money is usually used when you apply a account in a bang or in a credit company.Instead of using cash you use this type of money.An example for this type of money are Credit card and ATM card,etc.

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