Money is derived from a Latin word, Moneta, which was another name of Goddess Juno in Roman history. The term money refers to an object that is accepted as a mode for the transaction of goods and services in general and repayment of debts in a particular country or socio-economic framework. Money is an important and powerful tool which was created by man thousands of years ago. “Money is a pivot around which the whole economy clusters”. Anything that serves as a medium of exchange, as unit of account and used as a store value can be referred to as money. It should have characteristics of Durability, Portability, Divisibility, Uniformity, Acceptable, Scarcity, Stability, Cognizability means its value must easily identifiable and compare its worth.