Identify money and Explain the four characteristics of money , and give real example for each...
Identify money and Explain the four characteristics of money , and give real example for each characteristics to enrich answer quality and to connect theory with practice.
Homework Answers
characteristics of money:
Money must be portable or light to carry.
Money must be divisible, meaning that it can be divided into smaller partssuch as four quarters or ten dimes to equal one dollar.
Money must also be durable and stable, giving it somewhat limited capability to fluctuate.
Money Is a Unit of Account.
Money Is a Medium of Exchange.
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