Norah walks into her favorite department store, bullseye, to pick out a new dress. Money can be utilised as a store of value since it holds its value over long periods of time. In a piggy bank, Norah is accumulating cash.
Money serves as a medium of exchange and serves as a means of exchanging commodities and services. Norah traded cash for a gown.Norah purchased an outfit for a wedding. She didn't take the price tag off the outfit before wearing it.She returned the dress to the retailers.
This is an illustration of consumer lending. Norah purchased an outfit for a wedding. She didn't take the price tag off the outfit before wearing it.She returned the dress to the retailer where she had bought it a day after the wedding and received her money back. This is an illustration of consumer lending.
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