Society generally accept money as a means of exchange and payment. You use it to exchange and acquire goods and services. In addition, it is a measure of value and price as well as a unit of account. You can use it to evaluate and compare goods and services. Money serves as a means of […]
Tag Archives: economy
What Is Money and Finance?
People consider money as an economic element that functions as a medium of exchange intended for transactional commitments in an economy. It provides the service of decreasing transaction costs, specifically the double concurrence of wants. In order to be most useful as money, a currency should be Fungible Durable Stable Portable Recognizable Generally, people accept, […]
Understanding Finance and Money
Finance is the study of optimal asset allocation. Organizations or individuals must make an investment in order to achieve the highest possible return over time. Branches of finance Personal finance Personal finance refers to the income and expenses of an individual or household, taking into account the savings, investments and the amount they expend […]