Money and its Functions (HINDI)

Money is defined in terms of what it does: money is an asset that can easily be used to purchase goods and services. Currency in circulation-actual cash in the hands of the public-is considered money. So are checkable bank deposits-bank accounts on which people can write checks.
Money plays three main roles in any modern economy: it is a medium of exchange, a store of value, and a unit of account.
1. Medium of Exchange Our cardiac surgeon/refrigerator example illustrates the role of money as a medium of exchange-an asset that individuals use to trade for goods and services rather than for consumption.
2. Store of Value In order to act as a medium of exchange, money must also be a store of value-a means of holding purchasing power over time.
3. Unit of Account Finally, money normally serves as the unit of account- the commonly accepted measure individuals use to set prices and make economic calculations.
A unit of account is a measure used to set prices and make economic calculations. Commodity money is a good used as a medium of exchange that has intrinsic value in other uses. Commodity-backed money is a medium of exchange with no intrinsic value whose ultimate value is guaranteed by a promise that it can be converted into valuable goods.
Fiat money is a medium of exchange whose value derives entirely from its official status as a means of payment. A monetary aggregate is an overall measure of the money supply. Near-moneys are financial assets that can’t be directly used as a medium of exchange but can be readily converted into cash or checkable bank deposits.
M1 = coins and notes that are in circulation and other money equivalents that can be converted easily to cash.
Supply of Money
M2 = M1 + Savings deposits of post office savings banks
M3 = M2 + Time deposits with the banking system
M4 = M3 + All deposits with post office savings banks
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These are supplementary things to assess your study but books are essential.

[@shashwatbajpai9888]

@@EZClassesfaghsa Why M4 is less liquid , it contains everything M1,M2,M3 ?

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[@shashwatbajpai9888]

Why M4 is less liquid , it contains everything M1,M2,M3 ?

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Please respond sir with any help.

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Which book is essential for money and baking

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What is the meaning of value?

[@SURYAPRAKASH-si8my]

Value means with the help of money we can count the worth of good bcs money can be valued in terms of no.

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How can you explain " STANDARD OF DEMAND PAYMENTS " as a function of MONEY

[@galaxystudiobunty8807]

If anybody knows the answer please comment

[@EZClassesfaghsa]

Its not Demand but it's Deferred payment.

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Make a video on The Quantity Theory of Money and it's variants

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Sir can you explain me the types of money

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My Pleasure