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Characteristics

Published on Nov 20, 2015

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PRESENTATION OUTLINE

Currency

Group: Rachel garay, Zachary Vaughn

Three uses of money

Medium of exchange

Purchase or trade of goods.

Store value

Assets that have value and can be stored and retrieved over time.

Measure of value

Used to designate the prices if goods throughout the economy.

The first 3 characteristics of currency

The last three characteristics of currency

Durability

Objects of money being able to take physical wear

Portability

Ability to carry the money easily

Divisibility

Money must be easily divided into smaller denominations

Uniformity

All money must be the same and count accurately

Limited supply

Usefully currency must be limited to hold its value

Acceptability

Everybody in an economy must be able to use the money