Monday, October 7, 2013
Ch.3 Question 6
This chapter was a little more on the difficult side for me. I found myself rereading paragraphs to make sure I fully understood what I was reading. One thing that stuck out to me and was very clear was the idea of money exchange. Jerry Jordan who was the president of the Federal Reserve Bank of Cleveland said, "It seems remarkable, when you think about it, that we often take substantial amounts of money to our bank and hand it over to people we have never meet before." This is so true and I think people often overlook this. People are so skeptical to put their faith in things such as religion but I find it ironic that we are so quick to put our faith into action when we are dealing with our hard earned money. An example used in the book talks about how people are so quick to type their credit card information on the Internet, hoping to purchase something from a company that is in a different state or country and they can sometimes know very little about this company. All putting trust in the fact that we will get the merchandise we ordered.
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Isn't it mind boggling that we do these things with our money? People we've never met in places we'll never go!
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