define money. list its components .
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Money is the medium of echange.
It has removed the barter system from the world.
A person can buy shoe without giving his wheat to others by usage of money.
And in ancient times if Ram had wheat and Shyam had shoe. Then goods are exchanged by them if Ram and Shyam wants shoe and wheat respectively.
Money has found very helpful till now.
It has removed the barter system from the world.
A person can buy shoe without giving his wheat to others by usage of money.
And in ancient times if Ram had wheat and Shyam had shoe. Then goods are exchanged by them if Ram and Shyam wants shoe and wheat respectively.
Money has found very helpful till now.
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Answer:
it includes coins, cheques, currency notes, plastic currency (debit cards etc), money held with banks in the form of saving current accounts, fixed deposits etc. Its components are (components are the same as money supply) 1.
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