Question

3 MONEY AND INFLATION
3
MONEY AND INFLATION
6
TEXTUAL MULTIPLE CHOICE QUESTIONS : (1 MARK EACH)
Robertson
or services money?
c Pigou
7
who gave the definition has accepted universally in exchange of goods
When there is an increase in demand​

Answer 1

Answer:

Money for the sake of money is not an end in itself. You cannot eat dollar bills or wear your bank account. Ultimately, the usefulness of money rests in exchanging it for goods or services. As the American writer and humorist Ambrose Bierce (1842–1914) wrote in 1911, money is a “blessing that is of no advantage to us excepting when we part with it.” Money is what people regularly use when purchasing or selling goods and services, and thus money must be widely accepted by both buyers and sellers. This concept of money is intentionally flexible, because money has taken a wide variety of forms in different cultures.

Explanation:

I AM NOT SURE