BANKING AFFAIRS

Detailed explanation-1: -3. Transfer of Value. Transferring wealth has become easier because of money. For example, I can transfer money to another person allowing him to complete a purchase at a far-off place.

Detailed explanation-2: -Commodity theory asserts that money has evolved spontaneously from one of the useful commodities through a long process of barter exchanges, and cartal theory argues that money was introduced by a communal agreement or political decree or legislative action that is external to the exchange process.

Detailed explanation-3: -The Evolution of Money Meaning It also acts as a store of value and a unit of measure. The evolution of money is a series of development in the form of the acceptable medium of exchange throughout history. But why is money so important? Money is important because it allows us to obtain the things we need and want.

Detailed explanation-4: -Portability: Money must be easily moved around. Large or bulky items, such as boulders or heavy gold bars, cannot be transported easily from place to place. Divisibility: Money must be capable of being divided into smaller parts.

Detailed explanation-5: -In the context of program evaluations, Value for Money (VfM) is a term used to describe a systematic process of understanding whether an investment (of money, time or other resources) in an intervention represents good value.