Economics

What are the functions of money in the modern economy?

Posted by daneelyunus on

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:
    August 21, 2020 at 4:24 pm

    Nice post!!!

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

    Liked by 2 people

    Reply
    1. daneelyunus says:
      August 21, 2020 at 4:24 pm

      Thanks for appreciation and reading my post

      Liked by 1 person

      Reply
      1. Glee Sparkle says:
        August 22, 2020 at 9:13 am

        My pleasure 🥰 Have a great day ahead!!

        Liked by 1 person

      2. daneelyunus says:
        August 22, 2020 at 9:46 am

        😊😊

        Liked by 1 person

  2. dpranita583 says:
    August 21, 2020 at 4:54 pm

    Good topic

    Liked by 3 people

    Reply
    1. daneelyunus says:
      August 21, 2020 at 5:15 pm

      Thank you 😊

      Like

      Reply
  3. Cindy Georgakas says:
    August 21, 2020 at 10:23 pm

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

    Liked by 1 person

    Reply
    1. daneelyunus says:
      August 22, 2020 at 2:38 pm

      Thanks for appreciation and reading my post

      Liked by 1 person

      Reply
      1. Cindy Georgakas says:
        August 22, 2020 at 5:09 pm

        you are most welcome!

        Liked by 1 person

      2. daneelyunus says:
        August 22, 2020 at 5:36 pm

        😊😊

        Like

  4. Angel Like says:
    August 23, 2020 at 11:07 am

    Money is everything now in this world… 🙂

    Spirituality Awakening

    Liked by 1 person

    Reply
    1. daneelyunus says:
      August 23, 2020 at 11:11 am

      Yes u rite 😊

      Liked by 1 person

      Reply
      1. Angel Like says:
        August 23, 2020 at 11:13 am

        Thanks Bro.. 🙂

        Liked by 1 person

      2. daneelyunus says:
        August 24, 2020 at 6:53 am

        Welcome bro 😊

        Liked by 1 person

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