Banking

Thursday, June 9, 2011

Money, as the medium of exchange, is used in one-half of almost all exchange. Workers exchange labor services for money. People buy & sell goods in exchange for money. We accept money not to consume it directly but because it can subsequently be used to buy things we do wish to consume.
Money is the medium through which people exchange goods & services. To see that society benefits from a medium of exchange imagine a barter economy.
A barter economy has no medium of exchange. Goods are traded directly or swapped for other goods. In a barter economy, the seller & the buyer each must want something the other has to offer.

Each person is simultaneously a seller & a buyer. In order to see a film, you must hand over in exchange a good or service that the cinema manager wants. There has to be a double coincidence of wants. You have to find a cinema where the manager wants what you have to offer in exchange.

Comm bank leading financial organization dealing with all that is related to money and trading. If investments are your concern then think about the best help through comm. Bank.

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