Functions and role of money

Choose a source of money.

• Buying products

• Salary

• Travelling

Where do businesses get money from?

• By selling products and services

• Paying salary to employees

• Buying raw materials

What does businesses use this money for?

• Buying raw materials

• Paying salary to employees

• Paying bills for rent, water, electricity

• All of the above

Unit of account means money can be used to measure the value of things. True or False?

• True

• False

What is legal tender?

• The legal companies in a country

• The legal employees of a company

• The currency of a country

People's attitude towards money depends on the following factors:

• Life events

• Culture

• External factors like the economy of their country

• All of the above

If a person borrow money from the bank, he must pay additional amounts of money to the bank. This is sometimes called _________.

____________ of a country means all the activities in a country that includes making, buying, selling and using products and services.