Money (Economics)

Provides a common measure of value.

It must maintain its purchasing power when not in use.

Eliminates the need for double coincidence of wants.

Ownership of valuable goods but has no value.

Has no intrinsic value and cannot be exchanged for valuable goods.

A good used as money in exchange for something else. Barter.

It can be broken into smaller parts.

It can be transported

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

It can be transported

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

It can be transported

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

It can be transported

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

It can be transported

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

It can be transported

Its value stays constant over time.

It is relatively hard to obtain.

It lasts a long time.

It can be broken into smaller parts.

All units are equal/ or equivalent

People accept it as payment.

It is relatively hard to obtain.

It lasts a long time.