Question

What is “money” and why does it
exist?

Answer 1

Money is an item that is given a specific value by a governmental body. It exists to make trade easier and more convenient, as you can sell an item for money then use that money to get something you want-- much more convenient than bartering between two different goods. Money means that things have a universal value, instead of being worth 200 apples, or a car tire because the merchant needs one right now.

Answer 2

Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.

If I am wrong please correct me.