About money

17.10.2021
35

Money is defined in the Merriam Webster’s Collegiate Dictionary Tenth Addition as any of various substances having the property or power to make money. Money is used to purchase goods and services or pay for debts, including taxes, in a specific country or socio-cultural context. The value of money has never been based on any inherent value in the product or service itself but is instead determined by the demand and supply for the commodity in a market. Money is the force which regulates the exchange of one form of commodity for another in a market.

Money is neither a substance nor a commodity, but is usually defined as a means of exchange in markets that do not have other forms of exchange established. It can be defined as the real measure of value within a market. Money is a market-based means of exchange in which goods and services are bought and sold between buyers and sellers on the market basis. It is a medium of transaction, not a commodity, since it is not determined by any physical commodity.

Money is a medium of exchange in which goods and services are bought and sold between buyers and sellers on the market basis. It is a means of transaction, not a commodity, since it is not determined by any physical commodity. It is a medium of exchange in which goods and services are bought and sold between buyers and sellers on the market basis. A money lender uses bank loans, credit facilities, Checks, bill payments and trust accounts to provide borrowers with loans. It is a medium of exchange in which goods and services are bought and sold between buyers and sellers on the market basis.

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