Money is anything, which is generally accepted as a means of payment and it possess liquidity. It is the king of means, which is printed and acceptable to all for buying and selling goods and services. In other words, it refers to that commodity which performs as the medium of exchange goods and services, measuring the value of factors of productions, goods / services, common and useful means of credit transaction in business society and having quality of store of value of goods / services in the form of cash.
In other words, it is anything which possesses hand to hand easily as mediums of exchange among people. Money has become so much a part of our day to day activities that we have started to talk it for garneted. The complex economy system stands on the base of money because money is something which generally acceptable as a medium of exchange.
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