Question

Aims and objectives of money in economics

Answer 1

Aims is to achieve price stability, a viable balance of payments and economic growth. The main twin objectives of monetary policy are; a) low and stable inflation rate and b) maintaining a sufficient level of official foreign exchange reserves.

Answer 2

Money is the most important component in field of economics.

Aims and objectives of the money are:

1) To simplify the exchanging method for purchasing goods or services ,in a national or international market.

2) To evaluate the currency exchange values of different international trading systems.

3) To easily transfer the economic value from one place to another .

And many more.