What Are The Characteristics Of Money. Web what are the six characteristics of money? If your wealth is stored in wine glasses and a bulldozer drives over them, you’re toast.
Review 'Athena Doctrine' touts female traits
First and foremost, money acts as a medium of exchange that facilitates commercial transactions. Money should not take up too much space or weigh too much so it can easily fit into your wallet or purse. The first characteristic that money must have is durability. If your wealth is stored in wine glasses and a bulldozer drives over them, you’re toast. Durable money that is durable (difficult to destroy) is safer to possess than fragile money. Money makes the world go 'round. As currency , it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth. Web what are the six characteristics of money? Money serves as a store of value, a unit of account and as a medium of exchange. Web what are the 6 characteristics of money definition?
Web what are the 6 characteristics of money definition? Web characteristics of money money is generally accepted. While the cow is difficult to transport to the store, the currency can be easily put in my pocket. Durable money that is durable (difficult to destroy) is safer to possess than fragile money. Web money is any item or medium of exchange that is accepted by people for the payment of goods and services, as well as the repayment of loans. Divisible, portable, acceptable, scarce, durable, and stable in value. Web 10 characteristics of money. Web money, a commodity accepted by general consent as a medium of economic exchange. In order for something to qualify as money, then it must be acceptable by the general. Durability of money means that it can be replaced when it is worn out. Money should not take up too much space or weigh too much so it can easily fit into your wallet or purse.
