Thursday, May 3, 2012

Money

Money, a wonderful term. I don't think that I should explain more about It. But here are some important points which are useful for Banking Exams. 

Functions of Money :

Money is what money does. Money discharges Five functions.
  1. Medium of Exchange
  2. Measure of Value
  3. Store of Value
  4. Standard of Deferred Payments.
  5. Transfer of Value

Some more important points about Money are....

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