MONEY By Samrat srivastava

THINK OF LIFE WITHOUT MONEY ?

“Money is said to be the root cause of all the evil” And Lack of money is the cause of evil

Batter System And Its Limitation Absence of double coincidence Absence of common measure of value Problem of sub division Problem of storage Absence of common medium of exchange Problem of surplus Need for direct contact

Types Of Money Commodity money Metallic money A. full bodied coin with face vale B. token coin Paper money Bank credit money Plastic money A. Debit cards B. Credit cards Digital cash

Meaning of money Money is the measure of value and medium of exchange. It came to existence due to the problem of the batter system Money include anything that can be used as a measure of value and the medium of exchange it can include metallic money , bank money , debit cards and credit cards

FUNCTION OF MONEY PRIMARY FUNCTION SECONDARY FUNCTION CONTINGENT FUNCTION

FUNCTION OF MONEY PRIMARY FUNCTION Medium of exchange Measure of value SECONDARY FUNCTION Store of value Standard of deferred payment Standard of transfer payment

CONTINGENT FUNCTION Estimation of national income Measure of utility Liquidity Productivity Basis of credit system

“Money is what money does”