MONEY & BANKING
$$
, UNIT-1 : MONEY
Porter
Exchange
It
> was
system in which
goods
-
a wer
Achanged for goods
[Cstands
for Commodity
> C- C
economy
-
Limitations
Lack
( of Double coincidence
of wants
(2) Lack
of commen
of
measure value
Lack value
(2) of store
of
(a) Lack of transfer of value
() Lack of standard
of deferred payment
,Concept of money
Money is anything which is
generally
accepted by the society & meau
- &
as a
of exchange for goods services ·
>
-
bins I notes are however called
I comprise part
currency only of
money supply
>
Cheques bills
exchange
of also be &
savings
-
&
account
deposit can termed as
.
money
Money is
different from Wealth & Income
WealthThetotalcollectin proper
th
Wealth not
also other assets
includes
such as
only money
bands
but
stocks
,
,
land house ,
etc
. ,
Income Treme is
flow of earnings
=
a
unit time
per of .
is stack
Money a
concept.
, Functions
of Money
Primary functions
① Medium
of exchange
> The most basic
function ofexchange
-
meney
is to act as a medium
of . S
> is traded medium
Meney of exchange
-
as a
for good o services .
> In an with
trading takes
-
economy directmoney
no
,
the
form of barter
exchange of certain
-
or
goods .
,battern
-
inefficient
General y y
e
to trad n incidence
of wants .
medium
> In
functioning of exchange
-
as a ar a
transactions
device
for making permit
·
to trade at est money time I
people less
effect .
>
Having medium of exchange also toraises
-
a
productivity by allowing
activities people specialize
-
most skilled
in
they
&
economic in
-
are
$$
, UNIT-1 : MONEY
Porter
Exchange
It
> was
system in which
goods
-
a wer
Achanged for goods
[Cstands
for Commodity
> C- C
economy
-
Limitations
Lack
( of Double coincidence
of wants
(2) Lack
of commen
of
measure value
Lack value
(2) of store
of
(a) Lack of transfer of value
() Lack of standard
of deferred payment
,Concept of money
Money is anything which is
generally
accepted by the society & meau
- &
as a
of exchange for goods services ·
>
-
bins I notes are however called
I comprise part
currency only of
money supply
>
Cheques bills
exchange
of also be &
savings
-
&
account
deposit can termed as
.
money
Money is
different from Wealth & Income
WealthThetotalcollectin proper
th
Wealth not
also other assets
includes
such as
only money
bands
but
stocks
,
,
land house ,
etc
. ,
Income Treme is
flow of earnings
=
a
unit time
per of .
is stack
Money a
concept.
, Functions
of Money
Primary functions
① Medium
of exchange
> The most basic
function ofexchange
-
meney
is to act as a medium
of . S
> is traded medium
Meney of exchange
-
as a
for good o services .
> In an with
trading takes
-
economy directmoney
no
,
the
form of barter
exchange of certain
-
or
goods .
,battern
-
inefficient
General y y
e
to trad n incidence
of wants .
medium
> In
functioning of exchange
-
as a ar a
transactions
device
for making permit
·
to trade at est money time I
people less
effect .
>
Having medium of exchange also toraises
-
a
productivity by allowing
activities people specialize
-
most skilled
in
they
&
economic in
-
are
