Business Aura

Generally, money is a widely acceptable item that can be used to purchase goods and services, and to pay off debts. The purpose of money is to aid in the fast and efficient exchange of goods and services. To be able to do so, money performs three specific functions which are as medium of exchange, [...]

A process of exchange of a product, a service, or cash for a promise to pay it back at an agreed future date is made possible by the notion of credit. In a credit exchange, the borrower is called the debtor while the lender is called the creditor. The debtor is tasked to pay the [...]