Old Money vs. New Money
Автор: joelbenjamin528
Загружено: 2019-06-18
Просмотров: 1142
Описание:
Old money refers to families who have been wealthy for generations, and pass the fortune on. With new money, the individuals in this category tend to have made their millions on current trends, and they are willing to spend their money, on any and all the latest trends.
Old money is backed by silver and gold new money a simple fiat currency backed by nothing
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value
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