Question

explain how is money used in every day life ?

Answer 1

Answer:

Money, is the most accepted medium of exchange for carrying out almost all the transactions such as buying and selling of any goods and services. It is used in "obtaining the basic necessities" such as "food, clothing, and shelter". It is also important in "obtaining services" such as "education, transportation.

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Answer 2

Explanation:

It is used as a medium of exchange and facilitates the buying and selling of goods like car house food clothes etc. It is used as deposits with the banks or to keep it at home like fixed deposits bonds etc. It is used for borrowing and lending like loan