Handouts characteristics of money

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Justine Guillerma Garcia

Economy & Finance Business

1. BARTER SYSTEM
2. COMMODITY
MONEY
3. PRECIOUS METALS
4. PAPER CURRENCY

1. COMMODITY
MONEY
2. PAPER CURRENCY
3. FIAT MONEY
4. TOKEN MONEY
5. PLASTIC MONEY

1. MEDIUM OF EXCHANGE
2. RESERVE VALUE
3. STANDARD OF VALUE
4. STANDARD OF
DEFERRED PAYMENTS

1. DURABILITY
2. EASY TO RECOGNIZE
3. ACCEPTABILITY - Legal tender is a
medium of payment allowed by
law or recognized by a legal
system to be valid for meeting
a financial obligation.
4. STABILITY
5. DIVISIBILITY
6. PORTABILITY
7. UNIFORMITY
8. FLEXIBILITY

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