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Published on Nov 20, 2015
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1.
Currency
Group: Rachel garay, Zachary Vaughn
2.
Three uses of money
3.
Medium of exchange
Purchase or trade of goods.
4.
Store value
Assets that have value and can be stored and retrieved over time.
5.
Measure of value
Used to designate the prices if goods throughout the economy.
6.
The first 3 characteristics of currency
7.
The last three characteristics of currency
8.
Durability
Objects of money being able to take physical wear
9.
Portability
Ability to carry the money easily
10.
Divisibility
Money must be easily divided into smaller denominations
11.
Uniformity
All money must be the same and count accurately
12.
Limited supply
Usefully currency must be limited to hold its value
13.
Acceptability
Everybody in an economy must be able to use the money
Rachel Garay
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