Functions of Money, Primary functions Secondary Contingent1. A Medium of Exchange2. A measure of Value 1. Store of value2. Transfer of value3. Standard of Deferred Payments 1. Basis of Credit creation2. Employing factor inputs3. Creation & Redistribution of National Income4. Liquidity

What is Money | Functions of Money

Economy

WHAT IS MONEY? Money is derived from a Latin word, Moneta. The money is a term refers to an object that is accepted as a mode for the transaction of goods and services in general and repayment of debts, medium for transaction of goods. Money can be in various forms, such as notes, coins, credit […]

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