Banknotes

Money (or banknotes) serves as a medium of exchange that allows people to buy goods and services. It represents value and simplifies trade by replacing the need for bartering.

Why Money Matters
Medium of Exchange – People use money to trade for products and services instead of exchanging goods directly.

Store of Value – Money holds its worth over time, allowing you to save and use it later.

Unit of Account – It provides a standard measure of value, making it easier to compare prices and track wealth.

Portability & Convenience – Banknotes and coins make carrying and using money simple compared to trading physical goods.

Economic Stability – A stable currency helps businesses grow, governments function, and people plan their financial future.

Why It’s Important
Facilitates Trade – Without money, buying and selling would rely on bartering, which can be inefficient.

Encourages Saving & Investment – Money allows people to store wealth and invest in future opportunities.

Provides Financial Security – Having money gives people access to basic needs like food, shelter, and healthcare.

Enables Economic Growth – Money fuels businesses, salaries, and infrastructure, driving progress.