Money

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Money by Mind Map: Money

1. Uses

1.1. Exchange

1.1.1. Used in purchasing products

1.1.2. Availing of services

1.2. Currency

1.2.1. Basis for economic status of a country

1.2.2. USD to PHP improving

1.3. Costs/Rates/Price

1.3.1. Monetary value

1.3.2. amount of resources given up in exchange for goods and services

1.3.3. expenditure

1.4. Funds

1.4.1. Needed for projects by different organizations

1.4.2. Sponsors

1.5. Remittances

1.5.1. Overseas Workers

1.5.2. Multinational corporations

2. Types

2.1. Denominations (PHP)

2.1.1. 1000

2.1.2. 500

2.1.3. 200

2.1.4. 100

2.1.5. 50

2.1.6. 20

2.2. Coins (PHP)

2.2.1. 10

2.2.2. 5

2.2.3. 1

2.3. Digital Money

2.3.1. GCash

2.3.2. SMART Money

2.3.3. E-Commerce

2.3.3.1. Used by businesses

2.4. Credit

2.4.1. Overshopping

2.4.2. Reduces risks of theft, forgetting money, not having enough cash

2.5. Debit

2.6. Check

2.6.1. large amounts

3. Effects

3.1. Greed

3.1.1. Gap between the rich and the poor

3.1.2. Personal Gains

3.2. Wealth

3.3. "Makes the World Go Round"

4. Banking

4.1. Current

4.2. Loans/Lending of Money/ Borrowing

4.2.1. House Loans

4.2.2. Car Loans

4.2.3. Personal Loans

4.3. Savings

4.3.1. Withdrawals

4.3.2. Deposits

4.4. Insurance

5. History

5.1. Form of Barter 100,000 years ago

5.2. Commodity money

5.3. Representative money

5.4. Flat currencie