What are the 4 types of money?
What are the 6 characteristics of money?
Terms in this set (6) On the same subject : What are the 3 rules of money?.
- Durability Durability …
- Portability People need to be able to carry money while going about their business.
- divisibility To be useful, money must be easily divided into smaller denominations or units of value.
- Uniformity …
- Limited supply. …
- admissibility
How does the US dollar have the six characteristics of money? It’s divisible: You can divide by cents, nickels, dimes, and quarters. It is uniform: it always buys a dollar worth of goods. The supply is limited: there are not an infinite number of bills around. Accepted everywhere: You can use anything you pay for anywhere.
What are the 6 characteristics of money quizlet?
What are the six characteristics of money? durability, portability, divisibility, uniformity, limited supply and acceptability.
What is M1 M2 M3/M4 money?
M1 = M0 + demand deposits. M2 = M1 + marketable securities + less liquid bank deposits. M3 = M2 + money market funds. This may interest you : What are the 8 healthy financial habits?. M4 = M3 + least liquid assets. These measures of money supply tend to vary by country.
What is M1 M2 M3 and M4 in economics? M1 and M2 are known as tight money. M3 and M4 are known as broad money. These ratings are at a lower level of liquidity. M1 is the most liquid and easiest to transact, while M4 is the most liquid of all. M3 is the most widely used measure of the money supply.