Somendra Tripathi

Good morning student,
Your today's class is about Money and Banking.
Money is a medium of exchange and Banking is a system of control,regulate and distribution of money.
As you know, whatever we exchange of something has to be a value. Globally, Currencies have much value. Money is a term for a currency. Money have a great exchangeable value now and it is globally accepted. Different countries have different currency,like UK have Euro and India have Rupees. Different currency has different value, it mostly depends on Gross Domestic Price (GDP) of a country and directly proportional to it's foreign trade.
Initially, people exchange their daily need items to get other from the different sources, like they exchange wheat for milk - cloth for furniture etc. But then precious metals considered as money, which was issued by the Kings or central monarchial authorities then it changes into coins and then notes.
Nowadays, every country has it's own money which is issued by central govt authorities.