The use of money spans a very large part of our everyday life and the following examples support it.
(i) Money has become an essential part of our lives. It is used to buy basic items like food, milk products, clothes, etc.
(ii) Money is used to pay for the services we enjoy. For example fee of a watchman, teacher, doctor, etc.
(iii) Money is also used for borrowing and lending like loan. Moreover, it is commonly used at places where there might not be any actual transfer of money taking place now but a promise to pay money later.