What do you mean by money?
Money is a commodity commonly accepted as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and from country to country, facilitating exchanges, and it is the main measure of wealth.
What do you mean by silver class 10? Anything accepted as a medium of exchange is called money. To see also : What does it mean to be financially healthy?. Money can be any commodity or item if it is considered money by everyone.
What is the original meaning of money?
The word money derives from the Latin word moneta with the meaning of “coin” via the French currency. The Latin word is thought to originate from a temple of Juno, on the Capitoline Hill, one of the seven hills of Rome.
What are the 6 characteristics of money?
Terms of this set (6) To see also : How can I be smart with money?.
- Sustainability. Sustainability. …
- Portability. People need to be able to take money with them when they go about their business.
- Divisibility. To be useful, money must be easily divided into small denominations or units of value.
- Uniformity. …
- Limited supply. …
How does the US dollar have the six characteristics of money? It is divisible: you can break it down into pennies, nickels, dimes and quarters. It is uniform: it always buys goods with a dollar value. Its offer is limited: there are not an infinity of bills lying around. It is accepted everywhere: you can use it everywhere you pay anything.
What are the 6 characteristics of money quizlet?
What are the six characteristics of money? durability, portability, divisibility, uniformity, limited supply and acceptability. On the same subject : What is Drumpf in German?.