Paragraph on Function of money
Paragraph on Function of money
Money often defines in term of three functions or services.its main functions are ; it is a medium of exchange.it has a store value and a unit of account. It has a funadamental need to facilitate any financial transaction. State bank is the main provider and controller of the supply of money.but the state banks’s money is rarely used by the people because it is issued against 100% baked securities e.g Gold and reserves.the financial instruments together are also termed as money supply, because they have the store value and useability.
