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MRS. KAMLESH UTTAM

PGT ECONOMICS

JNV FAROUR

FATEH GARH SAHIB

PUNJAB

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��

MONEY

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MONEY

Money is generally defined as a thing that perform four basic functions

(i) Medium of exchange

(ii)As standard unit of value

(iii)Means for future payments

(iv)As a store of value

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��मुद्रा के प्राचीन रूप��

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मुद्रा के प्राचीन रूप�

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बैंकों में निक्षेप� बैंकों में जमा दूसरा रूप जिसमें लोग पैसा रखते हैं वह बैंकों के पास जमा के रूप में है। लोग अपने नाम से बैंक खाता खोलकर बैंकों के साथ अपनी अतिरिक्त नकदी जमा करते हैं। बैंक जमा को स्वीकार करते हैं और जमा पर ब्याज के रूप में एक राशि का भुगतान भी करते हैं।� �बैंक खातों में जमा राशि को मांग पर वापस लिया जा सकता है, इन जमाओं को मांग जमा कहा जाता है। भुगतान नकद के बजाय चेक द्वारा किया जाता है।� �एक चेक एक कागज है जो बैंक को उस व्यक्ति के खाते से उस व्यक्ति को एक विशिष्ट राशि का भुगतान करने का निर्देश देता है जिसके नाम पर चेक जारी किया गया है।��

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� बैंकों में निक्षेप�

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Functions of Money

Primary Functions

Secondary Functions

(I) Medium of exchange

(ii)Measures of value or Unit of value

Standard or Deferred Payments
Store of value

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�� मुद्रा विनिमय के माध्यम के रूप में �

मुद्रा विनिमय प्रक्रिया में एक मध्यवर्ती के रूप में कार्य करती है, इसे विनिमय का माध्यम कहा जाता है। पैसा रखने वाला व्यक्ति आसानी से किसी भी वस्तु या सेवा के लिए इसका आदान-प्रदान कर सकता है, जिसे वह चाहता है।

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Medium of Exchange

Medium of exchange is an important function of money. It means money act as a intermediary for goods and services in an exchange transaction. As a medium of exchange money has removed all the limitations of exchanged related to the barter system of double coincidence of wants. Exchanged has become convenient and simple. It saves a lot of time and labour . Sale and purchase of goods and services can be easily done with the help of money as a medium of exchange.

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Measure of Value or Unit of value

Measure of value is the other function of money. Value of all goods can be expressed in terms of money. Measurement of value was the main difficulty in the barter system of exchange. Introduction of money removed this difficulty. In barter system there is no common unit of value but in monetary system all the goods have common unit of value that is money. For example if someone ask what is the value of your car? You can reply Rs. 5 lakh but it was not possible to give the same answer in a barter system of exchange

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Standard or Deferred Payments

Deferred payments refer to those payments which are made sometimes in future. Payments of loans also refer to deferred payments. It is difficult to make such transaction in terms of goods and services. Suppose you have taken loan from some body in terms of wheat. At the time of return of the loan it may not be possible to return same quality. So money facilitate such type of deferred payments

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Store of Value

Money act also as a store of value A Storage of value implies store of wealth. Store of value is very necessary for the secure of future. Every individual try to save a part of their income for their future needs. This is called store of value. It was not possible to store value in barter system of exchange because goods tends to wear out and perish. In this system we had some difficulty in store of value like cost of storage, loss of value, difficulty in quick disposition

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