The Six Characteristics Of Money – Flashcards
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Durability
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Objects used as money must withstand physical wear snd tear
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Portability
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People need to be able to take money with them as they go about their business
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Divisibility
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To be useful, money must be easily divided into smaller denominations , or units of value
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Uniformity
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Any two units of money must be uniform or the same in the terms of what they will buy
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Limited Supply
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Money must be available only in limited quantities
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Acceptability
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Everyone must be able to exchange the money for goods and services
