Money is a medium of exchange, a unit of account, and a store of value that is widely accepted in transactions for goods and services. It acts as a means of facilitating transactions by reducing the need for barter and increasing the efficiency of trade. Money can be in the form of physical currency, coins, or digital currency and is used to purchase goods and services, pay debts, and save for future expenses. The value of money is determined by the supply and demand for it in the economy, and its purchasing power can be influenced by various factors such as inflation, interest rates, and economic growth.
