Question

Conclusion on topic money

Answer 1

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".[6]

The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad moneyin developed countries

Answer 2

Money is the main base of any country's economy and business environment.

We use money in our daily lives as the main source of exchanging nowadays.

The money is also categorised into two divisions:

1)Cash: physical currency or money,most commonly notes and coins.

2) Plastic or digital money :virtual money in the digital platform,most commonly credit card,debit card or net banking currency.