MONEY

Money is something that is given in turn as the payment for the goods and services.

FUNCTIONS OF MONEY

• acts as the medium of exchange
• work as a unit of account
  
• play the role of store of value

Before the development of the money and monetary policy exchange of goods were worldwide. Due to its inconvinience it was shifted to the use of gold and silver coins as the medium of payment. However modern monetary systems are based upon the banknotes or paper notes , coins and finally credit cards.