Definition of Money and Money Supply
Definition of Money :-
Money is anything which is generally accepted as a medium of exchange, measure of value, store of value and means for standard of differed payment.
The term money is covers coins, currency, notes, cheque.
Functions of Money :-
There were two function of money.
1- Primary Function :-
• Medium of Exchange
• Measure of Value
2- Secondary Function :-
• Standard of Differed Payment
• Store of Value
Money Supply :-
It refers to the total volume of money held by the public at a particular point of time in an economy.
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