What are the characteristics of currency?
What are the characteristics of currency?
The characteristics of a currency are durability, portability, divisibility, uniformity, limited supply, and acceptability.
What are the 6 characteristics of money quizlet?
What are the six characteristics of money? durability, portability, divisibility, uniformity, limited supply, and acceptability.
Which characteristics of money is the most important one and why?
Answer: Money as a medium of exchange is the most important characteristic of money, which will ensure its perpetual use.
What are the 10 characteristics of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability….Let’s run down our list of characteristics to see how they stack up.
- Durability.
- Portability.
- Divisibility.
- Uniformity.
- Limited supply.
- Acceptability.
Which is the most important characteristic of money?
Money as a medium of exchange is the most important characteristic of money, which will ensure its perpetual use.
What are the 7 characteristics of money?
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
What are the 6 characteristics of money?
Portability
What other characteristics should money have?
The six characteristics of money are durability, portability, acceptability, limited supply, divisibility and uniformity. Money acts as a unit of account, a medium of exchange and a store of value.
What are some physical characteristics of money?
Recognisable – all of the same currency are the same
What are 3 functions 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. Medium of exchange. Money’s most important function is as a medium of exchange to facilitate transactions.
