- Durability.
- Portability.
- Divisibility.
- Uniformity.
- Limited Supply.
- Acceptability.
What are the characteristics of money quizlet?
- Durability. Durability. ...
- Portability. People need to be able to take money with them as they go about their business.
- Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.
- Uniformity. ...
- Limited Supply. ...
- Acceptability.
What are the 4 characteristics of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability .
What are the 4 functions of money?
whatever serves society in four functions: as a medium of exchange, a store of value, a unit of account, and a standard of deferred payment .
What are the four 4 characteristics that define a country?
The four basic requirements for a nation-state are sovereignty, population, territory and government .
What are the characteristics of good money?
- General acceptability.
- Portability.
- Durability.
- Divisibility.
- Homogeneity.
- Cognizability.
- Stability.
What are the 10 characteristics of money?
- Medium of Exchange. First and foremost, money acts as a medium of exchange that facilitates commercial transactions. ...
- Store of Value. Money can be used to store value for later use. ...
- Unit of Account. ...
- Legal Tender. ...
- Standard of Deferred Payment. ...
- Liquidity. ...
- Stability of Value. ...
- Interchangeable.
What are the 3 types of money?
- Physical money. Physical money, meaning cash and coins, is created by the US Treasury. ...
- Central bank reserves. Central bank reserves are a type of electronic money, created by the Federal Reserve and used by banks to make payments between themselves. ...
- Commercial bank money.
Which characteristic of money is the most important and why?
Money as a medium of exchange is the most important characteristic of money, which will ensure its perpetual use.
What are the 6 functions of money?
- Function # 1. A Medium of Exchange: ...
- Function # 2. A Measure of Value: ...
- Function # 3. A Store of Value (Purchasing Power): ...
- Function # 4. The Basis of Credit: ...
- Function # 5. A Unit of Account: ...
- Function # 6. A Standard of Postponed Payment:
What are the 5 functions of money?
The 5 functions of money are a measure of value, an exchange medium, store of value, transfer of value, the standard of deferred payments .
What are the characteristics of commodity money briefly explain each of the characters?
A commodity money is a physical good that has ‘intrinsic value’ – a use outside of its use as money. Historic examples include alcohol, cocoa beans, copper, gold, silver, salt, sea shells, tea, and tobacco. There are four main characteristics of commodity money – it’s durable, divisible, easily exchangeable, and rare .
What is money and its features?
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy . ... Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange.
What are the four 4 characteristics of a nation state quizlet?
- People. Number of people.
- Land. A defined area.
- Government. A institution that works on creating and enforcing laws.
- Sovereignty. The right to rule give by other nations ; international recognition.
What are 3 characteristics of any nation?
What are the three characteristics of nations? The characteristics of a nation are its geographical, cultural, religious attributes and traditions .
What are 3 characteristics of a nation?
What characteristics make up a nation? It got identified with its four essential elements: Population, Territory, Government and Sovereignty . In the sphere of international relations its four basic credentials Nationalism, Territorial Integrity, Sovereignty and Legal Equality got fully recognized.
