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Defination
History
Functions of Money
Characterstics
Forms ofMoney
 money substitute
 Money is any item or verifiable
record that is generally accepted
as payment for goods and
services and repayment of debts
in a particular country or socio-
economic context,] or is easily
converted to such a form.
 The use of barter like methods may date back
to at least 100,000 years ago though there is no
evidence of a society or economy that replied
primarily on barter. The system of commodity
money eventually evolved into a system of
representative money. This occurred because
gold and silver merchants or banks would
issue receipts to their depositors redeemable
for commodity money deposited. Eventually
these generally accepted as means of payment
and were used as money
 A Medium Of Exchange
 Unit Of Account
 A Store Of Value
 A Standard Of Deferred
Payment
Acceptable To All
Portable
Durable
Divisible
Limited
Uniformity
Cash
Money In Current
Account
Near Monies
 Non Money Financial Assets
 Money Is The Only One Payment For Goods
And Services. Charge Card And Credit Cards
Have Become Increasingly Important Over The
Past 20 Years As A Medium Of Exchange. But
They Are Not Store Of Value. This Is Because
Possession Of A Card Does Not Show That The
Cardholder Has Money In The Credit Card
Amount. The Card Only Represents An Ability
To Borrow Money Instantly. So Credits Are
Not Money But They Are Money Substitutes(i.e
they are used instead of money
Money415

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Money415

  • 1.
  • 3.  Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio- economic context,] or is easily converted to such a form.
  • 4.  The use of barter like methods may date back to at least 100,000 years ago though there is no evidence of a society or economy that replied primarily on barter. The system of commodity money eventually evolved into a system of representative money. This occurred because gold and silver merchants or banks would issue receipts to their depositors redeemable for commodity money deposited. Eventually these generally accepted as means of payment and were used as money
  • 5.  A Medium Of Exchange  Unit Of Account  A Store Of Value  A Standard Of Deferred Payment
  • 7. Cash Money In Current Account Near Monies  Non Money Financial Assets
  • 8.  Money Is The Only One Payment For Goods And Services. Charge Card And Credit Cards Have Become Increasingly Important Over The Past 20 Years As A Medium Of Exchange. But They Are Not Store Of Value. This Is Because Possession Of A Card Does Not Show That The Cardholder Has Money In The Credit Card Amount. The Card Only Represents An Ability To Borrow Money Instantly. So Credits Are Not Money But They Are Money Substitutes(i.e they are used instead of money