What are the functions of money in the modern economy?

Money

Money plays an important role in modern economies. In the initial stage of civilization, there was no common medium of exchange. Every family produced all the goods required by its member. With the passage of human wants increased and a family could not produce all the things required by it.

Image result for money images

This led to barter system. Thus the barter system may be defined as the direct exchange of one commodity for another commodity. But barter system could not survive because of many difficulties.

https://www.qries.com/What-are-the-functions-of-money-in-a-modern-economy/answer/Daneel-Yunus

14 Comments Add yours

  1. Glee Sparkle says:

    Nice post!!!

    Don’t forget to Glee and spread Sparkles ✨
    -Nani 💖

    Liked by 2 people

    1. daneelyunus says:

      Thanks for appreciation and reading my post

      Liked by 1 person

      1. Glee Sparkle says:

        My pleasure 🥰 Have a great day ahead!!

        Liked by 1 person

  2. I know it can’t survive but I wish to trade some protein for some tomatoes. nice post.

    Liked by 1 person

    1. daneelyunus says:

      Thanks for appreciation and reading my post

      Liked by 1 person

      1. you are most welcome!

        Liked by 1 person

  3. Angel Like says:

    Money is everything now in this world… 🙂

    Spirituality Awakening

    Liked by 1 person

      1. Angel Like says:

        Thanks Bro.. 🙂

        Liked by 1 person

      2. daneelyunus says:

        Welcome bro 😊

        Liked by 1 person

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