Money in the Nation's Economy

Money made of metal.

A system of exchange where goods and services are directly exchanged for each other without the use of money

“Anything that is generally acceptable as a means of exchange and that at the same time, acts as a measure and as a store of value.”

The kind of money which derives its value from the commodity of which it is made.

Characteristic of Money which means money is easy to carry around, convenient, easy to use.

The currency that exists in banking computer systems that may be used to facilitate electronic transactions.

Refers to a future monetary claim against an individual who has used the credit facility to buy goods and services.

Type of currency that is declared legal tender by a government.

Kind of money which refers to money backed up by trust between the payer and payee such as checking accounts.

The characteristic of money which means it can be broken down into smaller denominations.