In the following table, identify the characteristics of an asset that make it useful as a medium of exchange or as a store of value. Medium of Exchange O Can be sold when money is needed Widely accepted Easily recognized as money Divisible Can be used directly to buy goods Difficult to conterfeit Maintains value over time O O Store of Value O O O OO O O

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8. Problems and Applications Q3
In the following table, identify the characteristics of an asset that make it useful as a medium of exchange or as a store of value.
Medium of Exchange
Can be sold when money is needed
Widely accepted
Easily recognized as money
Divisible
Can be used directly to buy goods
Difficult to conterfeit
Maintains value over time
O
C
Store of Value
O
O
O
O
O
(4
O
Transcribed Image Text:8. Problems and Applications Q3 In the following table, identify the characteristics of an asset that make it useful as a medium of exchange or as a store of value. Medium of Exchange Can be sold when money is needed Widely accepted Easily recognized as money Divisible Can be used directly to buy goods Difficult to conterfeit Maintains value over time O C Store of Value O O O O O (4 O
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