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The basics of money and prices
You don't need to splash out to get clued up about
money and prices.
They touch our everyday lives in more ways
than you can imagine. Whether you’re talking dosh, readies,
cash, or spondulicks, you’ll soon understand why we trust
money and why it’s important to stop prices rising too
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What am I?
- A payment – I am a way to buy things you want or need
and to get paid for working.
- A currency – I can be used in exchange for goods and
services.
- A treasure chest – a way to store wealth. I don’t
get old or rot easily so you can keep me for a long time.
- A measuring stick – I am useful for working out the
value of things and for comparing prices.
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- Practical – I fit easily in your pocket, purse or
wallet and am not heavy to carry.
- Large or small, from £50 notes to 1p coins –
so I can be made into any amount you wish.
- Valuable – the amount of each coin or note is always
the same; my value is what you can buy with me.
- I have many disguises – I can be used even when you
can’t see me – as cheque books, debit cards, smart
cards and electronic money.
- I make use of new technology – you can use me to pay
for things over the internet and get me out of cash machines
at any time of the day or night.
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