Paper money is like a promise from the government that it's worth something. At first, people used coins and real stuff to trade, but paper was easier to carry. Over time, people started trusting the government more, so paper became a symbol of wealth.
Examples
- A child trading a paper bill for candy at the store.
- A farmer using a banknote to buy seeds instead of carrying coins.
- Your friend giving you $10 as a gift, which you use to buy a toy.
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See also
- How Did ‘Money’ Evolve from Barter to Coins and Banknotes?
- How Did Paper Money Begin?
- How Did Money Change from Coins to Cards?
- How Did the First Coins Come to Be Used?
- How Did Paper Money Start Being Used?
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