Assignment no.

Submitted by: Malaika Asad Butt

What is money?
 Money is an important part of life, it’s the amount that we give in exchange of
goods and services.
 Money is the universal equivalent for exchange of goods. We use money to
pay for our purchases.
 Money is a liquid asset that is employed in transaction settlement. It operates
on the basis of widespread acceptance of its worth both within a
governmental economy and across international borders via foreign exchange.
The current worth of monetary currency is not always determined by the
resources employed in its production.
 Money is a means of trade in the sense that we all agree to accept it as
payment for goods and services. It functions as a medium of trade, a monetary
unit, and a value store.
 Money is any object that is widely recognized in a specific country as payment
for goods and services as well as debt repayment.
 Most transactions are made through money and sometimes through different
forms of money which are also called financial instruments.
 Every country has different currencies which medium through which they can
pay for purchases like for Pakistan its Rupees and in terms of US it refers as
dollars.
 In terms of asset money is a liquid asset as it is easy to access your money
whenever you want to.