# Money

Money, in its simplest form, is a tool that facilitates the exchange of goods and services. It acts as a universally accepted **medium of exchange** that allows us to buy a loaf of bread, book a holiday, or even purchase a house.

Money has other functions like being a **store of value**, people can hold on to it for the future and expect it to maintain its value and even grow.

Another function Money has is **unit of account** so like a measure of value**,** Money allows us to state wealth in terms of a monetary unit rather than the goods owned or produced. For example the average price of a three bedroom house in Accra may be in the $300,000 range, while in Lome it is in the $200,000 range. It is easier to make value comparisons with money than with say number of cows or kilos of silver.