What is Money

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What is Money?
Money is in ~ degree commodity or taken that is without particularizing acceptable as a means of paying. A means of payment is a process of setting a debt.
Money has three other functions:

Medium of reciprocity
Unit of account
Store of duration

--Medium of Exchange
A medium of exchange is an object that is generally accepted in exchange for goods and services.
In the non-appearance of money, people would need to give and take reciprocally goods and services directly, which is called Barter.
Barter requires a double coincidence of wants, which is rare, likewise barter is costly. --Unit of Account
A one of account is an agreed adjust for stating the prices of merchandise and services. --Store of Value
As a garner of value, money can be held instead of a time and later exchanged in the place of goods and services.

Money in Pakistan Today
Money in Pakistan consist of

Currency in Circulation
Deposits at banks and other deposit institutions

Currency is the general style for bills and coins.
Measures of Money in Pakistan
The couple main official measures of money in Pakistan are M1 and M2. M1 consists of circulation outside banks, demand/checking deposits owned ~ the agency of individuals and businesses.
M2 consists of M1 in addition time deposits, savings deposits, and Residents Foreign Currency Deposits (RFCD).

Page | 1

Components of Money Supply (Million Rupees)
End Jun2013

ITEM
Currency in Circulation
Cash in tills
Bank deposits by SBP (Reserve)
Bank Deposit with SBP_1/
Demand Deposits with Banks_2
Time Deposits with Banks_2/
RFCDs through Banks
Total Deposits with Banks (e+f+g)
Reserve Money (a+b+c+d)
Money Supply (M2) (a+d+h)

1,938,222
110,867
475,648
10,523
5,588,113
805,965
514,988
6,909,066
2,535,260
8,857,812

July 1,2012
to

Stock As without ceasing
22-Mar-13
1,946,780
105,885
429,912
9,681
5,018,597
813,493
496,078
6,328,168
2,492,259
8,284,629

21-Mar14
2177351
118907
552667
11062
5859933
700287
594551
7154772
2859976
9343185

ITEM
I.
Government Sector...

Page | 1

What is Money?

Money is in ~ degree commodity or taken that is in general acceptable as a means of paying.

A means of payment is a means of setting a debt.

Money has three other functions:

Medium of trade

Unit of account

Store of excellence

--Medium of Exchange

A medium of bourse is an object that is usually accepted in exchange for goods and

services.

In the defect of money, people would need to interchange goods and services directly, which is

called Barter.

Barter requires a double exact overlapping of wants, which is rare, in this way barter is costly.

--Unit of Account

A unit of account is an agreed extent for stating the prices of wares and services.

--Store of Value

As a hoard of value, money can be held during the term of a time and later exchanged ~ the sake of goods and services.

Money in Pakistan Today

Money in Pakistan consist of

Currency in Circulation

Deposits at banks and other depository institutions

Currency is the general phrase for bills and coins.

Measures of Money in Pakistan

The sum of ~ units main official measures of money in Pakistan are M1 and M2.

M1 consists of general reception outside banks, demand/checking deposits owned ~ dint of. individuals and

businesses.

M2 consists of M1 plus time deposits, savings deposits, and Residents Foreign Currency

Deposits (RFCD).

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