Financial Sector- Money

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