Business Studies, asked by 12345sanskarsinha, 1 month ago

money is what money does explain​

Answers

Answered by bsrinivasali76
2

Answer:

Money is what money does. This definition of money, given by Walker, mainly focuses on the various functions of money that are performed by it. Money is generally defined as the medium of exchange that can be measured, stored and can be used as a standard of deferred payment.

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Answered by dezisantosh
2

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction cost, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat moneys, money substitutes and fiduciary media, and electronic cryptocurrencies. 

in my own words ...

an important piece of paper which the people of this world needs to survive.just like we need oxygen to live alive money is important like oxygen because we also need food to survive and from where food come... we get food by money

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