💵 Info Money💵

Item that is accepted as Payment for Goods and Services

Money is any item or verifiable record that is generally accepted as payment for goods and services The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

One reason so many people profess not to care about money is that the love of money has been described as “the root of all evil.” It’s true, materialistic people can let an obsession with money drive them to do bad things for their own financial gain. But in reality, money is nothing more than a medium of exchange. 

Inflation is when prices for goods and services rise and purchasing power falls. When inflation goes up, people and businesses have to spend more money to buy the same amount of goods and services. Put simply, everything becomes more expensive.