Money and Currency
Historical background Of Money
Money has undergone and is still undergoing an evolution. This evolution can point to certain "turning points" that can be…
Introduction: The Nature Of Money
Money is a good, but if it is to function as a legal tender, all agents in the market must…
The History Of Money
Money is beautiful, money is interesting, money gives freedom - but like a spinning top, it must be kept in…
Demerits / Disadvantages Of Money
There is no doubt that properly managed money system has helped a lot in achieving high stable level of production,…
Barter System
Before the development of money, exchange was based on the direct exchange of goods and services. This is known as…
Money: Concept, Functions and Role
Different definitions of money have been given by different economists. F.A. Walker describes it in terms of functions. However, the…
5 Functions Of Money
The primary function of money in the economic framework is simply to facilitate the trade of commodities, which helps in…
Forms Of Money
Money is a concept that we all understand but it is difficult to define it in precise terms. This is…
What Is Money
Throughout history and around the world, money has taken diverse forms – from cowries, copper ingots, rum and gold coins…
Evolution Of Money
Three basic needs are considered (food, clothing and shelter) These are some of the essential needs of a man (and…