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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