Functions of money is in simple word “money is what money does” Definition of Money: According to an earlier German economist (knap) “anything which is declared by the state as money is money”. According to (roger miller) “Anything which is generally accepted in payment for the goods and services or the repayment of debts […]
What is Money and its Characteristics
What is Money Money Is what Money does…. According to Crowther, “Anything that is generally acceptable as a means of exchange and which at the same time acts as a measure and store of value.” Thus, anything is Money, which is generally acceptable as a medium of exchange, and at […]