2. Money Functions of Money A medium of exchange A standard of value A store of value A standard of deferred payments A measure of transferring A unit of account A most liquid asset A base of credit instruments A base of Govt. payments A base of economic development

3. KINDS Of MONEY

4. 1.Metallic money a. Standard metallic money b.Token metallic money

5. System of metallic A. Monometallism (i) Gold currency standard (ii) Gold bullion standard (iii) Gold exchange standard B. Bimetallism

6. Types of Paper Money  Convertible paper money  Inconvertible paper money

7. Credit money  (A) Cheque (i)Bearer cheque (ii)Order cheque (iii)Crossed cheque (iv)Traveller,s cheque  (B) Bank draft  (C)Credit card  (D)Security  (E) Bill of exchange (i)Sight bill (ii)Time bill (iii)Foreign bill of exchange

8. MADE BY SABA IQBAL