Money is like special paper or coins that we use to buy things we need or want, like toys 🧸 or ice cream 🍦! Long ago, people traded things like cows 🐄 or shells 🐚, but money is much easier to carry around!
Parents use money to get food, clothes, and even pay for fun places like the zoo 🦁!
Money is a tool that helps people trade goods and services without bartering. Imagine if you had to give your friend 5 apples 🍎 just to borrow their bike 🚲—that would be tricky! Money makes it fair and easy.
Different countries have different money, like dollars 💵 or euros 💶. Banks help keep money safe, and grown-ups earn it by working jobs.
Money is a medium of exchange, store of value, and unit of account in economies. Before money, people relied on bartering, which was inefficient (e.g., trading 10 chickens 🐔 for a cow 🐮). Coins and paper money standardized trade.
Central banks (like the Federal Reserve) control money supply to prevent inflation. Cryptocurrencies (e.g., Bitcoin ₿) are digital alternatives. Money’s value comes from trust—people agree it’s worth something!