Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money.
Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.
The money supply of a country consists of currency and, depending on the particular definition used, one or more types of bank money . Bank money, which consists only of records, forms by far the large money -link join - https://www.neobux.com/m/v/?rh=736175726176763733