Question

Discuss in the class about ‘Importance of money’.

1. Money is used as capital in business.
2. ______________________
3. ______________________
4. ______________________

Answer 1

1. Money is used as capital in a business.
2. Money is needed to build savings for emergencies and for life after retirement
3. Money can be used to earn more money by earning interest on deposits or through lending.
4. Money is needed to buy necessities of day-to-day life.