Money

Money is a medium of exchange that facilitates the transfer of goods and services. It is also a unit of account and a store of value, enabling individuals and businesses to compare the value of diverse products and save for future use.

Examples of money include:

• Currency: Physical notes and coins used for transactions, like the US dollar or the euro.
• Digital Money: Electronic forms of money such as bank deposits, online payment systems like PayPal, or cryptocurrencies like Bitcoin.

Cases:

• A person buys groceries using cash, demonstrating the use of currency as money.
• An online shopper pays for a product using a Credit card, illustrating digital money in action.