Money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.Any kind of easily verifiable record serves these functions as well as an object (an "object" that is taken as money actually serves as just a type of secure record), and "digital money" that exists only as secure records in computerized files, is now the most common form of money.
Sunday, January 10, 2010
Chala duradha dani boothu katha.......
Money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.Any kind of easily verifiable record serves these functions as well as an object (an "object" that is taken as money actually serves as just a type of secure record), and "digital money" that exists only as secure records in computerized files, is now the most common form of money.
