Economy, asked by abhinavspillai2017, 3 months ago

Meaning and definition of Money​

Answers

Answered by janmiya23
1

Answer:

Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or social-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.

Explanation:

Hope this will help...

Answered by adithyakrishnan6137
0

Answer:

In a lay man's language, money acts as a medium of exchange for the purchase of goods and services.

But the definition of money according to F.A. Walker, "Money is what money does."

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