Money

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  • Created by: ZaraZaman
  • Created on: 20-02-15 08:50
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  • Money
    • Functions of Money:
      • Measure of value
        • Common measurement for all goods and services
      • Medium of exchange
      • Option of deferred payment
        • Can be paid at a later date
      • Store of value
        • Should not loose it's value over time
    • Characteristics of Money:
      • Durability
      • Portability
      • Acceptable
      • Divisible
      • Scarce

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