English, asked by shemeenabasheer, 6 months ago

paragraph on usage of money​

Answers

Answered by Lakiesha
3

Answer:

Money is important because it enables you to give back to your community, to pick the charities and causes you believe in and support them. Money is important because having money means that life is not a constant effort at keeping your head above the water. Money came into picture to facilitate exchange.

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Answered by sarina1419
1

Money is what people in a society regularly use when purchasing or selling goods and services. If money were not available, people would need to barter with each other, meaning that each person would need to identify others with whom they have a double coincidence of wants—that is, each party has a specific good or service that the other desires. Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment. There are two types of money: commodity money, which is an item used as money, but which also has value from its use as something other than money; and fiat money, which has no intrinsic value, but is declared by a government to be the legal tender of a country.

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