Six Money Questions You Should Be Able To Answer

[elveraburkh]

Full content LifehackerAustralia

Most people are at least a little stressed out about money. Thats understandable: Savings are low, expenses are high, were taking on increasing amounts of debt. Some days it seems like well just never make enough money to retire or take that holiday weve been dreaming of.

Comments

[freedomshift]

Interesting questions but wrong questions.

1. What is money - vs currency (hint: USD is not money)?
2. Where does USD - cash / currency come from?
3. What controls the supply of currency (erroneously called "money supply")?
4. How much of the "money" do you owe - i.e. the debt that you owe just for being a US citizen or resident?
5. How much are you earning or losing from the "money" currency that you have in your accounts or pocket?
6. Is cryptocurrencies / gold / silver money? - why and why not?