In economics, money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context.
What is money?
- A medium of exchange
- A unit of account
- A store of value
Note: Credit card is not considered as money but counted as debit.
The Origin of Money
Money should be
Evolution of the payment system
Commodity Money -> Fiat Money -> Cheques -> Electronic Payment -> E-Money
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