Question

Define money .(ch3 class 10)​

Answer 1

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange.

Money can be defined as anything that act as medium of exchange, store of value and unit of accounting to facilitate the economic activities and transactions. E.g. Currency – paper notes and coins, Demand Deposits, Bankers Cheque.

Answer 2

Answer:

a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

the assets, property, and resources owned by someone or something; wealth.

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange.