What is Money?

The most popular and correct definition of Money is this: Something that serves as a medium of Exchange, a unit of accounting, and a store of value. Money is a medium of exchange in the sense that we all agree to accept it in making transactions.

_What are the qualities of money?_

An ideal money material should possess the following qualities:

• General Acceptability • Portability • Indestructibility or Durability • Homogeneity • Divisibility • Malleability • Cognizability • Stability of Value.

We won't be able to take them one by one, so Do Your Own Research.

Evolution Of Money.

How often has the technology of money been transformed by invention? How many different forms of money have existed? At a very basic level, a way to communicate value is to exchange things that we consider of equal value.

Hope you got value? We will continue this series next week monday. Keep your questions. From Kelzy_inspires...