Question

justify the role of money in modern economy

Answer 1

Money performs many functions in a modern economy. ... Thus, money is a medium of exchange, a measure of value, a store of value, and a standard of deferred payments. Medium of exchange: The most important function of money is that it acts as a medium of exchange. Money is accepted freely in exchange for all other goods.

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Answer 2

hello here is ur ans. ......
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ROLE OF MONEY IN MODERN ECONOMY
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Now a day Money is the most important economy for exchange with other valuable products. Earlier people use to exchange good to purchase other good, but now a day money is the medium to purchase goods.

In this developing modern day's economy we people can't survive without money. MONEY is everything now a day, we people were control by money.

Now a day money is just like oxygen. Like oxygen no one can survive for a while , in the similar way without money we can't do any thing. Every where money is necessary for us.

But sometimes it effects one the personality of a person on a destructive way.
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