CeFS  key terms Topic 1

Acceptable

Barter

Current Account

Denomination

Divisible

Double coincidence of wants

Durable

Face value

Fiduciary value

Homogeneous

Inflation

Intrinsic value

Legal tender

Means of exchange

Money

Payment mechanism

Portable

Purchasing power

Rate of exchange

Recognisable

Representational value

Scarce but sufficient

Store of value

Transaction

Unit of account