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A level economics > Financial Markets > Flashcards

Financial Markets Flashcards

1
Q

What are the characteristics of money? (6)

A

Durability
Portability
Divisibility
Uniformity
Limited supply
Acceptability

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2
Q

What are the functions of money? (4)

A

Medium of exchange (can be widely accepted for payment of debt/goods)
Unit of account ( a measure of the relative worth of goods/debt)
Store of value
Standard of deferred payment

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3
Q

Define the money supply

A
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A level economics (6 decks)

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