Handouts characteristics of money

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Handouts characteristics of money

  1. 1. EVOLUTIONOF MONEY
  2. 2. 1. BARTER SYSTEM2. COMMODITY MONEY3. PRECIOUS METALS4. PAPER CURRENCY
  3. 3. FORMS OF MONEY
  4. 4. 1. COMMODITY MONEY2. PAPER CURRENCY3. FIAT MONEY4. TOKEN MONEY5. PLASTIC MONEY
  5. 5. FUNCTIONS OF MONEY
  6. 6. 1. MEDIUM OF EXCHANGE2. RESERVE VALUE3. STANDARD OF VALUE4. STANDARD OF DEFERRED PAYMENTS
  7. 7. CHARACTERIS TICS OF MONEY
  8. 8. 1. DURABILITY2. EASY TO RECOGNIZE3. ACCEPTABILITY - Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.4. STABILITY5. DIVISIBILITY6. PORTABILITY7. UNIFORMITY8. FLEXIBILITY

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