1. Explain the characteristics and functions of money? Write the characteristics of money.

Q: "It separated the act of sale and purchase" Which function of money is reflected in this statement?

A: We know well that money plays for important and crucial role in any Tommy of any country which are…

Q: What are the main functions of money ?

A: Money refers to anything that is widely accepted in an economy as payment in exchange for goods and…

Q: What are the three functions that a commodity must fulfill to be useful as money?​13.​Why can’t food…

A: A barter system is a way of exchanging goods and services. This method has been in use for decades,…

Q: List the 3 functions of money.

A: STEP1 The main functions/purpose of money are: acting as medium of exchange, as a store of value,…

Q: Write and explain the functions of money.

A: Money: It is anything which is widely accepted in exchange of goods or discharge of other kind of…

Q: Write an essay about: How is money created in an economy? What is ‘fiat money’ and are holders of…

A: Money functions as a store of value, a unit of account, and a medium of exchange. People are able to…

Q: Explain the main characteristics of money?

A: Money refers to a commodity that is accepted as a medium of exchange. Generally, it is in the form…

Q: In many casinos ,a person buys chips to use for gambling.Within the casino 'swalls, customers often…

A: ANS The four primary functions of money are: Medium of exchange A standard of account Store of…

Q: Discuss any three functions of Money?

A: Money is a general economic medium which is used to carry out transactions in an economy and express…

Q: Why is money necessary in an economy? What are its functions and how is it created?

A: Money is the source which helps in buying goods and services. It works as a medium of exchange which…

Q: Money can be used to transfer purchasing power from the present to the future. Which specific…

A: Meaning of Money: The term money is all about the transaction (in terms of cash) or it can be…

Q: Explain the role of money in society

A: Explain the role of money in society.

Q: Explain the "STORE OF VALUE" function of money

A: In an economy money has to play various roles such as it acts as a medium of exchange also it acts…

Q: 1. Explain why the use of fiat money reduces search costs.

A: The currency (notes or coins) which are used throughout the world and its value is maintained by the…

Q: Explain money, types and functions of money.

A: Human needs a variety of goods and services to sustain life but they have the skills to produce one…

Q: What are the basic functions of money in the economy, and how do these functions help facilitate…

A: Cash plays an essential part in any economy., however understanding its fundamental capabilities can…

Q: What is money? Explain the definition in terms of the functions of money?

A: Money is anything that is generally accepted by the people in the economy and used for the purchase…

Q: Write the definition of money, its functions, and its characteristics.

A: money is a medium of exchange this is broadly well-known in transactions for goods and services. it…

Q: The newest cell phone costs $400. Which function of money does this statement best illustrate? a…

A: Money is a good that is widely acknowledged as a means of economic exchange.  It serves as the…

Q: Can you describe the functions of money?

A: Money is something which is socially appropriate as a medium of exchange and can be transformed into…

Q: monies that are very liquid such as cash, checkable (demand) deposits, and traveler's checks are…

A: M1, M2 and M3 are estimations of the United States money supply, known as the money totals. M1…

Q: explain this statement in details " money is a difficult concept to define, partly because it fufill…

A: Money is a commodity that serves as a medium of trade and a store of value, according to economic…

Q: 1. Define money and know its evolution in the Philippines. 2. What are the functions,…

A: Money- It is an economic unit that operates for transactional purposes in an economy as a widely…