Evolution, Characteristics and Functions of money

Front

Easily transferred from 1 person to another, to make the exchange of money for products easier.

Back

Portability

Front

Money has what if it doesn't deteriorate when it is being handled?

Back

Durability

Front

What is money if it is available but only in a limited supply?

Back

Scarce

Front

Money or other substance generally accepted as payment for goods and services.

Back

Medium of exchange

Front

1 of 3 functions of money allowing people to preserve value for future use.

Back

Store of value

Front

This can be used in place of money.

Back

Trading or bartering

Front

Privately owned, publicly controlled, central bank of the U.S.

Back

Federal Reserve System

Front

What is this? Options: Paper money, Credit Card, Coins

Back

Bartering

Front

paper money is

Back

using paper to trade

Front

medium of exchange, measure of value, and store of value are all what?

Back

functions of money