Thursday, 28 April 2011

Money and Finances

 Money makes the world go round. Everybody likes money. Without money we can not survive in the world. So everybody tries to make money in different ways.

Most of us have  a checking account. We make deposits (put money in) and withdrawals (take money out). We write checks on the account to pay bills. We may also have savings account, which usually pays us interest on money paid for keeping our savings there.
                
National and local governments collect money from residents through taxes. Income tax is collected on wages and salaries. Companies pay corporate taxes on their profits.
Eveycountry has its own currency. The rates of exchange are published daily,And we can look it up,today Joseph  have told us about exchange rates, Such as Canadian dollar value.


1 comment:

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