Читать книгу Fundamentals of Financial Instruments - Sunil K. Parameswaran - Страница 25

Money is usually the only financial asset that every business, household, and government department will accept as payment in return for goods and services.

Why is it that everyone is willing to readily accept money as compensation? It is primarily because they can always use it whenever needed to acquire any goods and services that they may desire. Thus, due to the existence of money, it is possible to clearly separate, in time, the act of sale of goods and services from any subsequent acquisition of goods and services. In the absence of money, we would have to exchange goods and services for other goods and services, a phenomenon which is termed as barter or countertrade.