Definition, Types, Functions, Characteristics of Money, cash and currency in economics
In this article we are going to discuss about:- one. Evolution of cash two. Which means and Definitions of cash three. Stages within the Evolution four. Characteristics five. Classification six. fashionable Forms seven. Importance eight. Value 9. Evils. Evolution of Money: As barter system was associate degree inconvenient methodology of exchange, folks were compelled to pick out some artifact that was most ordinarily accepted in this space as a medium of exchange. Thus, an outsized kind of merchandise came to be used as money; bit by bit the foremost enticing metals, like gold, silver, etc., were adopted as cash virtually all over. Money has currently taken the place of of these commodities. Later coins were replaced or supplemented by paper money for the explanations of economy and convenience. The bank cheques, drafts and speech act notes came into use additionally of currency to function the foremost necessary style of c...