Discussion Post: Money and Banking
Money is used as a means to make a payment, store of value (savings), and place value on goods and services most economist believe money contributes to economic growth and development by make it easier for people to complete their transactions. Barter is the exchange of goods and or services without the use of money. However, "if money did not exist we would invent it" as stated by some economists.
• What is the function of money?
• Discuss how money contributes to economic growth and\or development?
• If there is no money will society find a way to exchange goods and services without it? Explain.
• Discuss in detail (200 word reply required) please use data, examples, and facts. Reply to at least one classmate in detail, discuss the content in the lesson for full credit.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.