Question

Write an article on the topic" The role of money in our life".(word limit- 80-100 words) *​

Answer 1

Explanation:

Money is very much required thing in the life however; it cannot buy things like time, love and true care. ... Money has capability to buy anything virtually and helps us a lot throughout the life. By taking the importance of the money in our life we should never destroy or waste the money without any purpose

Answer 2

Answer:

Money serves four basic functions: it is a unit of account, it's a store of value, it is a medium of exchange and finally, it is a standard of deferred payment.

Once forced into using a means of payment, the use of money is much more efficient than barter in a market context, though the range of transactions which do not pass through markets at all but are internalised in social groups is often underestimated. In order to serve as a means of payment, an object should embody sufficient information to make it generally acceptable without detailed and costly investigation. 

Explanation:

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