Characteristic of money-Everyone must be able to exchange the money for goods and services

Characteristic of money - Objects used as money must withstand physical wear and tear.

Characteristic of money-To be useful, money must be easily divided into smaller denominations, or units of value.

Coins and paper that are used as money; 'legal tender'.

Money is used because:

The ease with which an asset can be converted into payment for goods & services.

Financial Institutions include:

Last year, the central bank of the Philippines released the new banknote designs for the P20, P50, P100, P200, P500, and P1000 denominations. Made from 80% cotton and 20% ___________ (locally produced).

Who issued the two types of two-centavo copper coins; One peso and five peso revolutionary notes printed as Republika Filipina Papel Moneda de Un Peso and Cinco Pesos?

It is the conversion of one country's currency into another

Financial institutions are also known as ________.

The structure that is available in an economy to mobilise the capital from various surplus sectors of the economy and allocate and distribute the same to the various needy sectors is known as _________.

Financial system allow exchange of funds between .................. and ...................

The central bank will ......