What we will Study in this Chapter?
We know that name of chapter is 'Money and Banking'
So, This Chapter has 2 parts
In this part, we will learn about Money
Then in next part, we will learn about Banking
What is Money?
It is a medium of exchange in forms of coins and banknotes
When we sell goods, we exchange goods for money
When we buy goods, we exchange money for goods
So it is a medium of exchange
What happened during the time when there was no money?
In this case, we had Barter System