How does this work if we are sending money to another country? We all know "snail mail" is very slow, so how can we "wire" somebody money? Often we send money around the globe, but there is no 'real' money. This Global Financial Service allows society to spend with out actually having the money. Examples are even credit cards, debit cards, and systems like Pay Pal. Pay Pal is a way individuals can send and receive money online. Systems like these can be good and bad.
They are bad in such that the banks allow over drafting. This allows banks to make more money off of interest and fees making society pay when they run out of so called real money. It is good because it will not take days and weeks to send money from place to place. Money can just magically appear on a card but just saying a few words (to the bank). The world is really like monopoly when you think about it. Its all the buying and selling with paper, fake money that society just functions off of.
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