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🖐 Money - Characteristics and Functions (Financial | Economics | tutor2u

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Money Its Uses and Characteristics Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. Click to Play!

10 Best Characteristics Of Money Posted by: admin May 4, 2015 in Articles Leave a comment Characteristics Of Money is very important subject for any business students.Any type of money may be considered as good money due to certain qualities. Click to Play!

Having taken a look at the functions of money, let us now turn our attention to the characteristics of money or rather the qualities of good money. What are the characteristics of money or the qualities of good money? Money has all the characteristics below. Click to Play!

Start studying The Six Characteristics Of Money. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Click to Play!

The Four Basic Functions of Money - Video & Lesson Transcript | casino-spin-money.website

So, what is money, and what are the characteristics of money? The University of California Santa Barbara says the three basic functions of money are to serve as a medium of exchange, a unit of account and as a store of value.
This video is about Functions and Characteristics of Money 2016.
Characteristics Money market instruments have a few things in common. For starters, we already mentioned that they have short maturities, defined as one year or less. So, a six-month CD would.

Functions of Money

Characteristics And Functions Of Money - TeachifyMe Functions and characteristics of money

Having taken a look at the functions of money, let us now turn our attention to the characteristics of money or rather the qualities of good money. What are the characteristics of money or the qualities of good money? Money has all the characteristics below.
Which serves as Functions of Money. The characteristics of what serves as money depend somewhat on the degree of complexity in the society. A relatively simple economy, with relatively few goods and services, few producers and consumers, and few transactions, may be able to function with a form of money that would not work in a more complex society.
Key Functions of Money. Medium of exchange: money allows goods and services to be traded without the need for a barter system. Barter systems rely on there being a double coincidence of wants between the two people involved in an exchange

Characteristics And Functions Of Money - TeachifyMe

functions and characteristics of money
Money is often defined in terms of the three functions or services that it provides. Money serves as a medium of exchange, as a store of value, and as a unit of account. Store of value. In order to be a medium of exchange, money must hold its value over time; that is, it must be a store of value. If.
Grade Four Characteristics and Functions of Money Overview Students share the book The Go-Around Dollar,by Barbara Johnston Adams, to learn about the features of money and how money is used. They complete work-sheets on the characteristics and functions of money. Lesson Objectives Students will be able to: Discuss the circular flow of money

functions and characteristics of money Plus, get practice tests, quizzes, and personalized coaching to help you succeed.
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Keep up the good work!
Money makes the world go around.
In this lesson, we will learn more about money.
We will break it down into its separate functions and look closer at its many characteristics.
A Closer Look at Money There you are, shopping at your favorite store.
While there, you find a pair of shoes you absolutely cannot live without.
After searching for your size, you grab the box and head to the checkout lane.
You dig into your wallet, pull out three 20-dollar bills, and hand them to the associate.
While you obviously realize you paid for your new shoes using money, what you probably did not think much about is the characteristics of that money or the functions that money possesses.
Functions of Money We, as consumers, use money so often that we rarely stop to think much about it.
We know that we must have it to pay for goods usa play poker online for money services, but how many of us realize what the functions of money are?
Well, let's take an opportunity to look deeper at money and its functions.
For this lesson, we will concentrate on the functions of medium of exchange, unit of account, and the store of value.
Medium of Exchange: What this means, is that we use money to purchase goods and services.
Before the introduction of money, barter was the main process to obtain goods and services.
For example, one may trade fur for a cow.
However, now that we have money, we can use it as a medium of exchange to purchase those must-have shoes.
We know that when we go into a store, that the store will accept our money as a form of payment because it is widely accepted as a medium of exchange.
Unit of Account: When we go to purchase items, there is a standard for measuring the worth of those items.
This is what we call a unit of account.
If the item costs 200 seashells, then there may be confusion.
Money is able to retain its value over time.
Characteristics Now that we know what the functions of money are, it's time to take a look at usa play poker online for money characteristics.
In general, there are four main characteristics that money should fulfill: durability, divisibility, transportability, and inability to counterfeit.
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Durability: If money stays the same in terms of shape and substance over time, it is said to be durable.
This means that it does not easily change form and can be used for a long period of time.
Because money is said functions and characteristics of money be durable, individuals are willing to take it as a form of payment because they can use it later to purchase another good or service.
An example functions and characteristics of money durability is coins vs.
Coins will still look like coins over long periods of time.
However, a banana continues to rot and may not look much like a banana after a few weeks.
A coin would be considered durable, but a banana would not.
Divisibility: This means that money can be broken down into smaller units.
Transportability: When we go to the store, like in the example above, we are able to actually take our money with us, perhaps in our wallet or purse.
Therefore, money is considered transportable if we can bring money from one location to another.
Objects such as heavy antiques are not easily carried from one place to another and not often used to pay for items in a store.
Thus, they are not transportable as say a paper dollar or 30 bonus and bwin conditions terms that can be carried in our purse.
Inability to Counterfeit: Basically, money should not be able to be duplicated easily.
Unlike fruit that grows on a tree, money cannot be grown or 'created' like other items.
Lesson Summary Let's review.
In the end, we have all used money in one way or another.
We purchase goods and services usually on a regular basis and do so using a medium of exchange known as money.
We know that when we put money in our bank, two weeks later, it will still have the usa play poker online for money value.
We also know that we can measure money and break it down into smaller units when purchasing items.
Lastly, we know that in order for money to be a functional means to source for goods or services, it needs to fulfill four characteristics: durability, divisibility, transportability, and the inability to counterfeit.
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Econ Vids for Kids: What is Money?

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QUALITIES OF MONEY CHARACTERISTICS OF MONEY PURPOSE AND FUNCTION OF MONEY. MONEY DEFINITION. Money is anything that is generally acceptable as a means of exchange, and in the settlement of debts. Money is a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.


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