Money, Savings and Investments

ECONOMICS

Unit - 1

Money, Savings and Investments

"Learning gives creativity, creativity leads to thinking, thinking provides knowledge, knowledge makes you great". –A.P.J. Abdul Kalam

Learning Objectives

▶To know about the Evolution of Money

▶To know about the value, nature, function, and importance of money

▶To understand about Savings and Investments

▶To know about the black money

Introduction

Money is a fascinating subject and full of curiosities. It is important to capture this element for the students. The history of money and how various forms were used at different times is an interesting story. Modern forms of money are linked to the banking system.

Money is a fundamental discovery, which has eased the day to day transactions, valuing goods and services and has allowed us to store the wealth and trade in future. “Money is anything which is widely accepted in payment for goods or in discharge of other business obligations” Robertson.