Define money&banking?

Question

Accepted Answer

Money in the form of metal coins circulated freely in Europe during the Renaissance, and many of the techniques and institutions of modern banking emerged at that time. Italian merchants led the way in these advances. However, by the 1500s Italian banks had declined, and the center of banking activity shifted to northern Europe.

Answer

Money banking refers to money  held in the form of demand deposit with commercial bank

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Money is a commonly used medium of exchange and means of transfrring purchase power.
A bank is defined as an insitiution which accepts deposit from the public,makes fund available to those who need it,and helps in remittance of money from one place to another.

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Banking is a process in which a banker or a person transact or withdraw money from a bank.  while money is the item of value in which exchange of goods and services are done

Answer

1.According to walker''Money is that money does''
2.According to saligman''One thing that possesses general acceptance''.
3.D.H Rovertson''Anything which is widely accepted in payment for goods or in discharge of other kinds of bussiness obligations is called money''.

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