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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • Money is what money does, this definition of money is given by

    Question: Money is what money does, this definition of money is given by

    Options:

    Hartley Withers
    Marshall
    F.A. Wakar
    Crowther

    Money is what money does. This definition of money is given by F.A. Wakar.
    Money is a thing that is widely acknowledged as a means of economic exchange.

    🔑Key Points:
    Money is something which has the features of a medium of exchange, a measure of value, a standard of deferred payments, and a store of value. 
    It consists of money such as bills of exchange, coins, bank draughts, checks, and more.
    Money involves both limited and unlimited legal tender.

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