(1) The use of money spans a very large part of our everyday life. There are several transactions involving money in any single day.
(2) In many of these transactions, goods are bought and sold with the use of money. In some other transactions, services are exchanged with money. For some, there might not be any actual transfer of money taking place now but, a promise to pay money later.
(3) For example, we purchase books, pencils, chocolates from money. We give doctor’s fee and school fee in money. My father receives a monthly salary in money. Hence,money is used in everyday life.