POP QUIZ

Characteristics of money except ......

• Acceptability

• Uniformity

• Simplicity

• Stability

Which one is not types of money

• Fiat money

• Legal Tender

• Token Money

• Cheque

Household need cash to pay for unexpected expenses such hospital bill or car repairs bill refer to the Motive

• Precautionary Motive

• Transaction Motive

• Speculative Motive

• Supply Motive

Money is defined as anything that acts as to a medium of exchange

• False

• True

"Not too big or heavy in order to be transferred easily"

This statement refer to which characteristic of money

• Recognition

• Uniformity

• Portability

• Divisibility