Business Activity || MONEY | @daprado1999 [club5050]

Money is an instrument of finance, a major prerequisite for exchange of goods and services. It is a tool of exchange of goods and services. When fewer goods can be bought with money, then it could be said that money has been devalued.

FEATURES OF MONEY

• Durability:

Money must be durable. It's no news as money must be long lasting it should not be short-lived but must stand the test of time. It must last long and it's potential ability to last long must be promising.

• Portability:

Money must be portable and easy to package. Money must not be heavy and it must be very portable and easily packaged is called Portability.

scenario;
^{Danny has a bag of coins, worth 2 million dollars and he needs to be in California in 20 minutes. But it's so heavy that he cannot carry it. Portability enables money to be carried about freely}
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• Mobility:

Money should have a huge tendency of mobility, moving freely without disruption. It should be movable and readily mobile from one destination to another with maximum ease.

• Exchange:

Money is a tool of exchange and should be exercised in such a manner. Money should possess that quality of being able to purchase a commodity. Therefore if you cannot exchange a commodity for money, then it does not meet the prerequisite of being a tool of exchange. Money must be exchangeable.

• Circulation:

Money possesses the ability to circulate and cut across a broad spectrum. It's no news as we all know that money or cash flow moves at a great speed and should be a major feature of money. It must be able to cover various destination within a short period of time.

scenario;
^{Daniella lives in New York City and buys a bag worth $8 she boards a train going to California and leaves for her business, Charles walks into that train and gets the same money from the driver as change. It has circulated in a short while too}
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• Fluctuation in Value:

Money due to various economic theories and element of trade could gain value or be devalued as the case may be. It dwindles as the wind of inflation and other instruments of finance affects it too. Money could skyrocket or nosedive in value this is dependent on the economy of the state.
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IMPORTANCE OF MONEY

Money is a source of survival, without money surviving in the country would be difficult. It is important to own money for easy survival.

scenario;
^{Sudan and some African countries are impoverished due to lack of money. The United Nations always send relief materials and food to these refugee camp. If there is money in these country they would live better lives and improve the world economy}

Money is a means of foreign exchange in the diaspora. Countries perform bilateral trades and agreements too. Import and export trade of various cash crops and natural resources like crude oil generate money for a sovereign state and thereby build their economy.

^{10% beneficiary reward to the community}

Business Name	Money
Owner Name	@daprado1999
Address	Enugu, Nigeria