Cambridge Dictionary defines money as the coins and bills of a certain value used for the financial exchange. Money serves as a medium of economic exchange, a measure of value, and as a mechanism of saving and storing wealth. Money is accepted in return for goods and services, and it acts as a measure of value in the price system. It is the key mechanism of making payments and serves as a means of storing the purchasing power. Money is not only coins and bills, but any commodity that is used as an instrument for exchange. Centuries ago people have been using seashells ...
Essays on Buy Goods And Services
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In the modern society there exist many forms of buying goods and services. In ancient times, people used to buy goods and services by the use of barter trade; this involved exchange of goods for other goods and services. There are various forms of paying for goods and services, among them being cash, hire purchase and buying on credit. Buying on credit refers to a form of payment that can be used by an individual to acquire goods and services and pay for them in the future (Calman 21). Buying on credit is an internationally accepted way of purchasing commodities. ...
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