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You might keep your money in a bank, but have you heard of a time

bank? This online service allows users to trade

services with one

another without exchanging money. For example, a hairdresser gives

someone a haircut for one hour of credit in the time bank. The

hairdresser could then use that credit to have a plumber come work for

her for an hour. Time banks are useful for people who can't arrange

direct trades. The plumber might not want a haircut, but he can work

for the hairdresser and earn credit to use with someone else.


How does the detail "The plumber might not want a haircut, but he can work

for the hairdresser and earn credit to use with someone else" best support

the central idea that time banks are a convenient way to get things done?

1 Answer

5 votes

Step-by-step explanation:

Of course, the plumber might not want a haircut, but he might have a wife, a fiancee, or a sister who may need the services of a hairdresser so working for the hairdresser would earn him credit that can be used by any of these people. So in a sense, he is getting things done for others.

Therefore, the time-bank service solves a problem by allowing people to receive services without exchanging money.

User Arbme
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