Money creates a standard unit of account and acts as a store of value. tsmokie. Money is a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. Test. Economics: Characteristics of Money Characteristics Characteristics of Money.pdf. Created by. Characteristics of Money is the sixth of 14-lesson in the Financial Literacy for Kids thematic unit, and is aligned to the Common Core State Standards, the Financial Literacy standards, and the National Standards in Economics, and Reading/Language Arts. Durability. Gravity. Divisibility. We will break it down into its separate functions and look closer at its many characteristics. Characteristics of Money.pdf Money is anything that serves as a medium of exchange. Preparation Prepare the activity cards from Handout 1: Functions and Characteristics of Money Cards. Functions and Characteristics of Money 1. In a developed money market, there must be ample resources. it can’t easily be faked or copied; Must be generally accepted by a … This lesson takes a look at the characterist . Money serves as a store of value, a unit of account and as a medium of exchange. Grade Four Characteristics and Functions of Money Overview Students share the book The Go-Around Dollar,by Barbara Johnston Adams, to learn about the features of money and how money is used. ALSO READ – TRADE BY BARTER. Spell. The following are the basic characteristics of money. by Archive Writer | Mar 23, 2012 | Articles | 4 comments. Key Concepts: Terms in this set (13) Portability. STUDY. It is portable. 3. “Dollars” and “Euros” are currency, but currency is not MONEY. 10 Characteristics of Money posted by John Spacey, September 12, 2018. 20-dollar bills are a much better form of money than cattle. easily transferred from one person to another, to make exchange of money for products easier. In my presentation last night, Andy Schectman and I were allocated two slides each before opening the floor for Q&A. Learn. A medium of exchange is anything that is widely accepted as a means of payment. it needs to last; Portable i.e. Characteristics of Money: General Acceptability: All people should readily accept it. PLAY. The qualities of good Money, are as under. How money originates Money is a commodity that is mainly used to obtain other goods; It must originate in free-market by the free choice of people; It must be valued and demanded as a good. Subjects: Social Studies - History, Government, Economics . CHARACTERISTICS OF MONEY Acceptability – It must be universally acceptable as payments for goods and services (Seunarine, 1999). Admin Igcse Economics Revision Notes, O Level Economics Revision Notes Leave a comment 4,199 Views.
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