Question

conclusion for money and banking​

Answer 1

Answer:

For the savings and other economical aspects banks are the most reliable option for us where we can save,invest or borrow money by a given terms and conditions. That's why we can easily say that money and banking are the most important segment in the economic circumstances.

Answer 2

Money and banking are two basic pillars of any country's economy. Without these two assessments we cannot run any economy. Money:Money is the main substance for price paying nowadays. We use coins and notes as traditional money and we use different digital currencies like cryptocurrency, Bitcoins as the modern money.Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

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