The document outlines the evolution of money from barter systems to commodity money like precious metals to modern forms of currency like paper, fiat, token, and plastic money. It also describes the key functions of money as a medium of exchange, store of value, unit of account, and standard for deferred payments. Finally, the characteristics of money that make it suitable for use are discussed, including durability, recognizability, acceptability, stability, divisibility, portability, uniformity, and flexibility.

1. EVOLUTION
OF MONEY

2. 1. BARTER SYSTEM
2. COMMODITY
MONEY
3. PRECIOUS METALS
4. PAPER CURRENCY

3. FORMS OF
MONEY

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