Ephy
Active member
Money is a medium of exchange that functions as a legal tender and enables a business to take place. Money exists in the forms of coins and notes. Money also takes different forms of currencies that are accepted worldwide for foreign exchange, for example US dollar, Kshs, sterling pound, Japanese Yen, French Franc and Euro.
It is a convenient medium of exchange that can be exchanged for goods and services. Money is used to determine the prices of goods, pay debts, pay for goods and services and also allows someone to make savings and investments. Money can also be in form of cheque to make it possible for one to carry large amounts of or pay for good worthy a lot of money without carrying the money itself what he or she has to do is write a cheque then the cheque is withdrawn to get cash from the bank.
It is a convenient medium of exchange that can be exchanged for goods and services. Money is used to determine the prices of goods, pay debts, pay for goods and services and also allows someone to make savings and investments. Money can also be in form of cheque to make it possible for one to carry large amounts of or pay for good worthy a lot of money without carrying the money itself what he or she has to do is write a cheque then the cheque is withdrawn to get cash from the bank.