Usefulness of Money

  1. Helps to facilitate labour and specialization.
  2. Helps in promoting industrial development through loans.
  3. Helps in promoting people’s standard of living.
  4. Helps in credit transaction.
  5. Helps a worker to buy variety of goods with his salary.
  6. Helps for payment of debts.
  7. Helps to meet daily expenses such as purchase of food and clothes.
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