What is money?
- Anita Aguilar
- Mar 11, 2023
- 1 min read
Updated: Apr 5, 2023
Money is a type of exchange that is widely accepted in transactions for goods and services. It is a unit of account, which means it is used as a standard measurement of value for goods and services.
The value of money is determined by factors such as supply and demand, government policy, and market forces. In modern economies, central banks are responsible for regulating the supply of money and managing the economy. Money plays a crucial role in modern economies by facilitating trade and enabling people to exchange goods and services.
In the simplest of terms - it is MOOLAH! DOUGH!