Money and Banking
Part of the Macmillan Work Out Series book series (MCWO)
Money is something which people generally accept in exchange for a good or a service. Money performs four main functions:
a medium of exchange for buying goods and services;
a unit of account for placing a value on goods and services;
a store of value when saving;
a standard for deferred payment when calculating loans.
Unable to display preview. Download preview PDF.
© R. Young 1987