money
By khopuh
@khopuh (4)
India
February 19, 2013 11:23pm CST
Money is an abject or record that is generally accepted by the people as the service for goods and payment for the debt in a given socio economic context or country .The main function of money are distinguished as :
1: a medium of exchange
2: a unit of a account
3: a store of value and
4: occasionally in the past of a standard of differed payment .
Therefore any kind of object or secure verifiable record or secure verifiable record.
1 response
@SHAMRACK (8576)
• India
20 Feb 13
Dear friend,
There was a system called barter before money was invented in the form of coins or papers or any other material. I feel money was made like paper or coins due to its flexibility in keeping it. But later debit cards or credit cards where found, then even just a signature or initials are required for some. The barter is dilluted to singature today. I feel money role is soon have limited to banks or financial institutions.
