1. What is 'money ? Elaborate on the different types of money supply. Money is something that acts as a medium in order to get something. i) Commodity money It refers to items that can be used to exchange with others. For example, seashells and beads. ii) Paper money Money in forms of paper. in1 Bank money It refers to the money that we deposited in bank. We are able to transfer this money to others. iv )Plastic money It refers to the credit cards, debit cards