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1 of 8
EVOLUTION
OF MONEY
1. BARTER SYSTEM
2. COMMODITY
   MONEY
3. PRECIOUS METALS
4. PAPER CURRENCY
FORMS OF
 MONEY
1. COMMODITY
   MONEY
2. PAPER CURRENCY
3. FIAT MONEY
4. TOKEN MONEY
5. PLASTIC MONEY
FUNCTIONS OF
   MONEY
1.   MEDIUM OF EXCHANGE
2.   RESERVE VALUE
3.   STANDARD OF VALUE
4.   STANDARD OF
     DEFERRED PAYMENTS
CHARACTERIS
  TICS OF
  MONEY
1.   DURABILITY
2.   EASY TO RECOGNIZE
3.   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.   STABILITY
5.   DIVISIBILITY
6.   PORTABILITY
7.   UNIFORMITY
8.   FLEXIBILITY

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Handouts characteristics of money

  • 2. 1. BARTER SYSTEM 2. COMMODITY MONEY 3. PRECIOUS METALS 4. PAPER CURRENCY
  • 4. 1. COMMODITY MONEY 2. PAPER CURRENCY 3. FIAT MONEY 4. TOKEN MONEY 5. PLASTIC MONEY
  • 5. FUNCTIONS OF MONEY
  • 6. 1. MEDIUM OF EXCHANGE 2. RESERVE VALUE 3. STANDARD OF VALUE 4. STANDARD OF DEFERRED PAYMENTS
  • 7. CHARACTERIS TICS OF MONEY
  • 8. 1. DURABILITY 2. EASY TO RECOGNIZE 3. 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. STABILITY 5. DIVISIBILITY 6. PORTABILITY 7. UNIFORMITY 8. FLEXIBILITY