Social Sciences, asked by pintusngh2163, 8 months ago

How dose the money help development in the contery

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Answered by deepande88
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Answer:

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Explanation:

A monetary economy is one in which goods are sold for money and money is used to buy goods. Money Promotes Productivity and Economic Growth: ... This raises the demand for money to finance the increased transactions brought about by the expanded level of economic activity.

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange. Modern economies use fiat money-money that is neither a commodity nor represented or "backed" by a commodity.

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