Relation The Money and Goods

           Money  is the universally acceptable medium of axchange including primarily currentcy and checking deposist. It is used to pay for everything from apple tarts to zebra skins. By accepting money, people and nations can specialize in producing  a few goods and can then trade them for others without money, we would waste much time negotiating and bartering. Money is any item or verifiable record that is generally accept as payment for goods and services and repayment of debt in a particular country or socio economic context, or easily converted to such a form. The main functions of money are distinguished as a medium of exchange, a unit of account, a store of value and a standard of deferred payment.[1]
            Money is historically an emergent market phenomenon establishing a commodity money,but nearly all contemporery money system are based on fiat money. Fiat money like any check or note of debt is without use value as a physical commodity. It derives its value by being declared by a goverment to be legal tender. That is it must be accepted as form of payment within the boundaries of the country, for “all debt, public and private’’. Such laws in practice caus fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.[2]
            Many items have been used as commodity money such as naturally scarce precious metals, conch, shells, barley, bead etc. As well as money other things that are thought of as having value. Commodity money value comes from the commodity examples of commodities that have been used as mediums of exchange include gold, silver, and copper. Use of commodity money is similar to barter, but a commodity money provides a simple and automatic unit of account for the commodity which is being used as money. In Economic, money is a broad term that refers to any financial instrument that can fulfill the function of money.[3]
Goods are the term good does not include item bought for personal use, item  bought at an auction or foreclouse sale,aircraft or oceangoing vessels. Goods that are scarce(are in limited supply in relation to demand) are called economic goods, where as those whose supply is unlimited  and that require neither payment not effort to acquire,( such as air) are called free goods. The goods are ordinary good, normal good, superrior good and necessary good. The fungitional of goods is we should be sure  that we choose a reliable company to handle the job with damages.[4]
When money is used to intermediate the exchange of goods and services, it is performing a function as a medium  of exchange. Money is most important usage is as a method for comparing the values of dissimilar object. The  money for payment some goods in the market.  The amount of money in a ecconomy is measured by adding together these financial instrument creating a monetary aggregate. Modern monetary theory distinguishes among different ways to measure the money supply, reflected in different types of monetary aggregates, using a categorization system that focuses on the liquidity of the financial instrument used as money.[5]


[1] Paul A. Samuel, Economics eighteen edition,( United States of America : Mc-Graw Hill, 2005), p.37
[2] http ://www.money – Wikipedia/index.php?option=com_content&view=article&id=23
[3] M. Akram Khan, an Introduction to Islamic Economic, ( Islamabad : IIT and Institute of policy studies,1994), p. 15
[4] Paul A. Samuel, Economics eighteen edition,( United States of America : Mc-Graw Hill, 2005), p.43
[5] Abel Andrew, Macroeconomics fifth edition,( Bernanke Ben 2005), p. 45

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