write the short note on money
Answers
Money is a medium of exchange that is used to buy and value goods and services in the market. It comes in the form of coins or paper/bank notes.
Nowadays money has evolved into plastic money whereby we have debit and credit cards that are issued by banking institutions. Money is used to carry out transactions. To others, money is power.
Advantages of money
It is a means of carrying out transactions. In the current world, money is used to buy goods and services. You pay for what you buy or get using money.
It is a source of motivation. Many of us work so that we can earn money. It makes people work hard in their day to day lives so that they can put food on the table by the end of the day.
Answer:
Money can be used as the medium of exchange. It has made exchange of goods easily, it too promotes trade which lead to economic growth as well as expansion of trade and e-commerce. Money is one who has excluded the limits that were there in ancient periods like barter system. Money has been used since many age in the form of precious metals but nowadays money is in the form of plastic,paper etc.