FLOW OF MONEY IS INPORTANTT
THE FLOW OF MONEY IS IMPORTANT In old times, money was the only source of dealing. In some places in the world, it is also used now. It is a system of dealing in which it is exchanged in taking and giving currency. It provides the facility of goods and services in running the economy. The use of money allows the buyers and sellers to run their deals in low price in the comparison of barter trading. The first type of money was in the form of commodity. The physical feature of the commodity made it acceptable with the help of exchange. In the recent times, government issues types of money as public tenders, fiat money, credit and debit cards etc. It is a liquid asset and used for the dealing with people. Men and departments use it as exchange of goods and services. It is called store of value and unit of account. It can measure the value of artificial things. Before the introduction of currency and coins, most part of economic dealings depended on barter system. Traders did their dire...