MONEYsteemCreated with Sketch.

in #nazeer7 years ago

MONEY
TIME
MONEY

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MONEY any iteam ar verfiable record that is generally accepted as payment for goods and services and repayment of debts in a particular county ar socio-ecomic context The main functions of money are distingusihed as medium of exchange a unit of account a store of value and sometimes a standard of deferrred payment .Any time or verifiable record that fulfiles these functions can be concider as money

MONEY is histortically an emergent market phenomenon establishing a commodity money .but nearly all contemapary money system are based on flat monoy .fiat money like any check or note of debtis without use value as a phisical commodity its derives its value by being declared by a government to be lengal tender that is it must be accepted as a from of payment within the boundaries of the country for all debts public and private

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