Speech On Money: The term money usually refers to the commodity in exchange for which products and services are consumed or sold. There are different types of money used as a commodity like convertible money inconvertible money, electronic money, etc. which serves as a medium of exchange.
Money is the most important aspect of our lives. Everybody wants to lead a prosperous life, although it is true that money cannot buy all the happiness. But money is the reason behind the cause of happiness. It can get us to buy all the natural products and services like flats, bungalows, cars, gold, diamonds, etc.
Thus, it can be said that money can be earned by those who know how to value it. It might not be everything one wants to own, but it is a thing that one must own to survive.
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Long And Short Speeches On Money for Kids And Students in English
This article provides a long speech of 500 words and a short speech of 150 words on the topic’ money.’ It offers its readers ten lines on the topic to help them understand the subject better.
This article will help students, teachers, kids, and other people who will be giving a speech on money on a public platform.
A Short Speech On Money is helpful to students of classes 1, 2, 3, 4, 5 and 6. A Long Speech On Money is helpful to students of classes 7, 8, 9, 10, 11 and 12.
Long Speech On Money 500 Words In English
Good morning/ Good afternoon/ Good evening to my respected teachers and Principal. A very warm welcome to everyone present here. Today I am here to deliver a speech on the topic ‘Money.’
Money is such a thing which is a necessity and not a luxury in today’s world. The other names given to money are currency or cash. Different countries use different money to run their tasks. The USA uses the dollar, Britain uses pound, India uses Rupee.
Money is an essential commodity that has a significant influence on our lives. It is the amount of money that decides whether the person will be able to live or die. Rich people who have plenty of money have access to all the luxuries of life. But the poor, who barely owns any of the money, have to face hardships on an everyday basis.
Earlier, people used to use the barter system to buy and sell goods and services with the invention of money that completely changed. Now, money is used as a medium of exchange. If a person buys or sells, any commodity one needs to give or take exchanged for it.
Money has the power to change one’s social status. A person who owns a lot of money gets immense respect from society; people look up to them. Whereas, if a person is weak, in the majority of the cases, they are exploited. Society refuses to accept them and pushes away.
While growing up years, many children have to face discrimination if their financial status is not functional. Other children make fun of them, and they are cornered, laughed at due to their dirty clothes or torn shoes. This affects their mental health to a great extent, which no one bothers to notice.
Children who do not own enough money are forced to work to feed their families. This leads to child labor, and as a result, they have to give up on their education. This is how society works.
Inspite all these, it is also true that money helps many people who have done proper planning to save their hard-earned money. In Indian society, the importance of the middle class is immense. Usually, this section of people earns in the initial years of their lives, while their body permits, accumulating a lump sum amount of money as savings for their future. This helps to live a tension free life after retirement.
Thus, money is proved to be a crucial aspect of life. One must make sure to use it wisely before it is gone. It is essential to think about how we spend our money. If we earn more than enough money, then it should become our responsibility to help others who do not have it.
lastly, I would like to Thank you, everyone, for your time and attention. It was a pleasure delivering this speech in front of your people. I hope you liked it and have a good day.
Short Speech On Money 150 Words In English
A very warm welcome to everyone presents here today. Today I will be representing my school (name of the school) on the topic ‘money.’
Money can be defined in several ways. In terms of economics, money may be defined as an economic unit that functions as a medium of exchange in an economyuld. In general terms, money can be defined as an item that is generally accepted as payment in exchange for the goods and services consumed.
Money is mainly concerned with its three essential functions. They are as follows: 1. The medium of exchange: this refers to the exchange that takes place between the goods and services and the money. 2. Unit of account: in economics, this refers to the value of a commodity or a service in monetary terms. 3. Store of value means an asset can be stored for future use and sold at a higher value to earn profit in monetary terms.
Thank you for giving the speech an ear.
10 Lines On Speech On Money
- Money is manufactured in all the countries in factories called mints. The very first U.S. mint had run on power harnessed from horses to print money.
- The collection of money or its study is called “numismatics.”
- Rome was the first-ever country to print a living person’s image on a coin.
- The first U.S. currency came into existence after Martha Washington donated her silverware.
- Many countries of the world share the same currency; as in Europe, all European countries use the Euro.
- The ink used to make the markings on money is high tech- so much so that it has traceable, color-changing, and magnetic properties.
- The serial numbers used in case of money are not just mere numbers; they also use alphabets as a part of the alphanumeric codes for 12 Reserve Banks.
- Earlier in various countries, coins were made of valuable metals; the more prosperous the country, the valuable metal used to make coins.
- Ben Franklin’s day, people in U.S. repair torn bills as U.S. money is not paper but cloth.
- With the continually changing world, today we have almost more than 1.6 million ATMs in the world.
FAQ’s On Speech On Money
Question 1.
What does “credit score” mean?
Answer:
To assess the debtors, credit scores are used to make lending decisions. It is numeric rating creditors use to assess the borrower risks. This rating is defined by the amount of debt one has.
Question 2.
What is the meaning of Investing?
Answer:
By Investing money, we mean sinking our money into a project or venture- in the form of companies, industries, or even real estates. People invest money to grow it faster and in a more efficient way.
Question 3.
What does the word “good debt” mean?
Answer:
The word good debt can be explained in various ways depending on the situation. Good debts are generally smart investments that ensure investing in something that will be helpful to a person (like a house in case of a person).
Question 4.
How can I get money from India to the USA?
Answer:
To transfer money from India to the U.S., the NRI should get a C.A. certificate in India. The CA will then issue the information in form 15CB, and the proceedings will begin.