Functions and Role of Money

FUNCTIONS AND ROLE OF MONEY:

Role of Money:

• Life Events: Things that have happened during your life will effect how you view money spending and saving.

• Culture: Factors such as ethical beliefs, religion or tradition may affect how you use money.

• Life Stages: As you grow, your finanical needs chnage as well as how you spend and how you save it.

• Interest Rates: The change on interest rates may affect how you think about borrowing money or how…