Money
- Created by: ZaraZaman
- Created on: 20-02-15 08:50
View mindmap
- 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
- Measure of value
- Characteristics of Money:
- Durability
- Portability
- Acceptable
- Divisible
- Scarce
- Functions of Money:
Comments
No comments have yet been made