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    Money is any item or verifiable record that is generally accepted as payment of debts, such as taxes, in a particular country or socio-economic context. The uses of money include financial health, household expenses, and groceries. Money is something used to buy objects or food, while currency refers to a country's monetary sign - such as GH₵ for Ghana, £ for the United Kingdom, and $ for the USA.

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    Money is any item or verifiable record that is generally accepted as payment of debts, such as taxes, in a particular country or socio-economic context. The uses of money include financial health, household expenses, and groceries. Money is something used to buy objects or food, while currency refers to a country's monetary sign - such as GH₵ for Ghana, £ for the United Kingdom, and $ for the USA.

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    4 views1 page

    Untitled Document

    Uploaded by

    Jonathan Wereko
    Money is any item or verifiable record that is generally accepted as payment of debts, such as taxes, in a particular country or socio-economic context. The uses of money include financial health, household expenses, and groceries. Money is something used to buy objects or food, while currency refers to a country's monetary sign - such as GH₵ for Ghana, £ for the United Kingdom, and $ for the USA.

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    Answer the following questions correctly.

    1. What is money
    ​Money is any item or verifiable record that is generally accepted as
    payment of debts, such as taxes, in a particular country or socio-economic
    context.

    2. What are the uses of money? Explain them.


    1) For financial health use.
    To Take care of myself and go for checkup every month.
    2) For household.
    To keep my house clean and healthy so i don’t fall sick.
    3) For groceries
    To buy my food and everything I have to hate to stay healthy.

    3. What is the difference between money and currency?


    ​Money is something we use to buy an object or food and currency is what
    the country's money sign is.

    4. Write the currencies of the following countries.


    Ghana: ​GH₵
    United Kingdom: ​£
    USA: $

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