2016 (Section 5 - Financial Sector) CSEC Economics Fichas sobre Financial Sector- Money, creado por Nikolas Reece el 02/05/2016.
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Creado por Nikolas Reece
hace alrededor de 8 años
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Cerrar
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Creado por Nikolas Reece
hace alrededor de 8 años
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money
barter
barter's MAIN problem:
double coincidence of wants
problem with barter:
unequal value of exchange
problem with barter:
difficult to save
commodity money
fiat (token) money
the gold standard
features of money:
acceptabiity
features of money:
stability
features of money:
homogenous
feautes of money;
portability
features of money:
Durability
features of money:
divisibility
features of money:
leagal tender
functions of money:
a medium of exchange
functions of money:
store of value
functions of money:
unit of account
functions of money:
method of deffered payment
