\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DEFINITION OF MONEY
\u00a0\u00a0\u00a0 MONEY is anything that is generally acceptable as a medium of exchange for goods and services.
Anything that is acceptable as medium of exchange can be called money
\u00a0\u00a0 MONEY is the only commodity that is good for nothing but to be gotten rid of.People will do almost anything for money and money will do almost anything for people.money is captivating,circulating and masquerading puzzle.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 THE FUNCTIONS OF MONEY<\/p>\n
\u00a0\u00a0\u00a0 MONEY is what money does.Anything\u00a0 that performs the function of\u00a0 MONEY is money<\/p>\n
\u00a0\u00a0\u00a0\u00a0 MEDIUM OF EXCHANGE Money is medium of exchange.It is usable in buying\u00a0 and \u00a0selling\u00a0 of goods and servicse.A worker in a bagel bakery does not want 200 bagel per week .Nor does the bagel bakery wish to receive say ,fresh fish for its bagel.However,money is readily acceptable as payment.<\/p>\n
\u00a0 MONEY is also a measure of value.Soceity uses monetary unit as yardstick for measuring the relative worth of good and services..Money as a common dominanator means that the price of each\u00a0 product need be stated onlyinterm of the monetary unit.<\/p>\n
\u00a0\u00a0 MONEY serves as store of value..Because money is the most liqiud ,the most spendable of all assets..<\/p>\n
\u00a0 THE\u00a0 MAJOR COMPONENTS OF MONEY SUPPLY ARE.PAPER MONEY AND CHEQUABLE DEPOSITS.<\/p>\n
QUALIYIES OF MONEY.
\u00a0\u00a0 MONEY is durable.
\u00a0 MONEY is generally acceptable.
\u00a0 MONEY is legal tender. Our confidence in the acceptability of paper money is because government says they are money.
MONEY is scarce.MONEY derives its value from its scarcity relative to its utility.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WHY WE HOLD MONEY.
People want money as amedium of\u00a0 exchange to conveniently negotiate the purchase of goods and services.Households must have enough money on hand to buytheir needs.Business needs money to pay for labour materials power and so on. All such purpose is called transanction demand for\u00a0 money.<\/p>\n","protected":false},"excerpt":{"rendered":"
HOW TO ACHIEVE GOALS WITH MONEY \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DEFINITION OF MONEY\u00a0\u00a0\u00a0 MONEY is anything that is generally acceptable as a medium of exchange for goods and services.Anything that is acceptable as medium of exchange can be called money\u00a0\u00a0 MONEY is the only commodity that is good for nothing but to be gotten rid of.People will do … \u0427\u0438\u0442\u0430\u0442\u044c \u0434\u0430\u043b\u0435\u0435 \u00abHow to achieve goals with money\u00bb<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[137,114,174,135],"class_list":["post-1403","post","type-post","status-publish","format-standard","hentry","category-business-3","tag-exchange","tag-fish","tag-fresh","tag-lab"],"_links":{"self":[{"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=\/wp\/v2\/posts\/1403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1403"}],"version-history":[{"count":0,"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=\/wp\/v2\/posts\/1403\/revisions"}],"wp:attachment":[{"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xn--80adfwdmhbf7bfy9f.xn--p1ai\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}