Q. 4 B3.5( 2 Votes )

Write brief answers:

Write briefly about the importance of money.

Answer :

Following is the importance of Money:


a. it’s a medium of exchange


b. it helps individual’s store their wealth


c. it is used as a standard for deferred payment


d. it’s a measure of value


Money is significant in all economic activities such as Savings and Investments, and in today’s world, no economy can function smoothly without money.


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