Characteristics and Functions of Money

• Characteristics of money

  • Durability
  • Acceptability
  • Portability
  • Divisibility
• Functions of money

  • Medium of exchange
  • Store of value
  • Measure of value
  • Means of deferred payment
  • Transfer of value
• Money

  • A medium of exchange
  • a unit of account
  • a store of value
• Business Activities 


  Refers to how people use Resources to satisfy their needs