Money is the most important source to live a healthy and prosperous life however cannot be compared by the importance of love and care. Money is a wonderful invention of man. In the primitive-society human needs were simple and limited. In course of time ‘Barter system’ prevailed and commodity to commodity exchange came into existence. So, direct exchange of goods for goods is known as barter system. With the passage of time and growth of civilisation, human wants multiplied.
Neither it was possible to be self-sufficient nor was it possible to carry on exchange through the barter system. The importance of money stems from the fact that it does away with the main inconveniences of barter system.
Money came into picture to facilitate exchange. Now-a-days, we realise the significance of money in the field of consumption, production, exchange, distribution and public