Best Example of Money
Considering items such as gold coins, grocery store coupons, funds in a checking account, funds in a savings account, 100 shares of Google stock, and food stamps, the best example of money from the listed items is the funds in a checking account. This is because money in a checking account is easily accessible and can be used to buy products and services. The funds can be accessed via checks, bankcards, ATMs, direct deposits, and other means.
These funds are also insured by the Federal Deposit Insurance Corporation (FDIC), ensuring that they are safe in the event of a bank failure (Lowrey, 2018). Furthermore, the funds in a checking account can be used to purchase goods and services, pay bills, and make investments (Lowrey, 2018). Finally, the funds in a checking account are easily tracked and managed with online and mobile banking applications. All of these features make checking accounts the perfect example of money.
Worse Examples of Money
Food stamps are a prime example of government assistance, as they are used to cover basic needs, including food and housing. They do not provide the same level of financial security as other forms of money because they are limited in their use and value, and can be challenging to use in certain situations (Lowrey, 2018). Additionally, food stamps can be stigmatizing for those who use them and can lead to feelings of shame or embarrassment. Finally, food stamps are often insufficient to cover a person’s needs and do not guarantee the same level of financial security as the rest forms of money.
Money Forms Ordered from Best to Worst
The list can be arranged from the most money-like to the least: checking account funds, savings account funds, 100 shares of Google stock, gold coins, grocery coupons, and food stamps. This order is determined by the liquidity and the level of acceptance of each item as a form of payment. Funds in a checking account are the most liquid and widely accepted, making them the most money-like item on the list. Food stamps are the least liquid and not widely accepted, making them the least money-like item on the list.
Reference
Lowrey, A. (2018). Give people money: How a universal basic income would end poverty, revolutionize work, and remake the world. Crown.