What are the 4 characteristics of money?

What are the 4 characteristics of money?

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

Which of the following is not a characteristic of investing?

Reduced expenses is not a characteristic of investments companies.

What is money and its uses?

Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

How is money used today?

The types of money used today include; Coins, Paper currency, Bank drafts, Money orders, Stocks, Bonds, Treasury bills, Credit cards, ATM cards, Options, Gift certificates, Cheques,Travelers Cheques and many more. Money is converted into two categories, commodity and fiat money.

What is called Money?

Money, also sometimes called Currency, can be defined as anything that people use to buy goods and services. Most countries have their own kind of money, such as the United States dollar or the British pound. money is also called many other names, like currency or cash.

What is money short note?

Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.

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