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🎰 Money - Characteristics and Functions (Financial | Economics | tutor2u

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Money functions and types

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Money is broadly classified into three functions. They are primary functions, secondary functions and contingent functions. Money can be categorized under four parts as Commodity money, Metallic money, Paper money, and Bank or credit money . Click to Play!

Types of Money Commodity Money: It is the simplest kind of money which is used in barter system where the valuable resources fulfill the functions of money. The value of this kind of money comes from the value of resource used for the purpose. Click to Play!

Start studying 3 Functions of Money. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Click to Play!

As it is described at decimal as:. The decimal keyword indicates a 128-bit data type. Compared to floating-point types, the decimal type has more precision and a smaller range, which makes it appropriate for financial and monetary calculations. Click to Play!

Money: Nature, Definitions and Functions of Money

When you think of a bank, the first thing that comes to mind might be the place that holds your checking or savings account. But there are several different types of banks, all serving different types of needs.
In this lesson, you'll learn what money is and its four basic functions. You'll also take a look at how it benefits society and explore the different types of money.
What is Money Market its Function and Types; The money market defines it as a set of wholesale markets where short-term financial assets are exchanged.

Four functions of money

Money - Characteristics and Functions (Financial | Economics | tutor2u Money functions and types

Money as a liquid store of value facilitates its possessor to purchase any other asset at any time. It was Keynes who first fully realised the liquid store value of money function and regarded money as a link between the present and the future. This, however, does not mean that money is the most satisfactory liquid store of value.
The various types of money in the money supply are generally classified as Ms, such as M0, M1, M2 and M3, according to the type and size of the account in which the instrument is kept. Not all of.
Which serves as Functions of Money. The characteristics of what serves as money depend somewhat on the degree of complexity in the society. A relatively simple economy, with relatively few goods and services, few producers and consumers, and few transactions, may be able to function with a form of money that would not work in a more complex society.

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money functions and types
Fiat money is possible because the three functions of money -- a medium of exchange, a unit of account, and a store of value -- are fulfilled as long as all people in a society acknowledge that the fiat money is a valid form of currency.
The main characteristics of money are durability, divisibility, portability, acceptability, limited supply and uniformity. Money serves as a store of value, a unit of account and as a medium of exchange.

money functions and types Language: Hindi, Article source Covered: 1.
Barter system: features, pros and cons 2.
Money: primary functions and derivative functions 3.
Divisibility versus fungibility 4.
Evolution of money- the five stages 5.
Paper money- two types: Gold standard versus paper standard 9.
Indian rupee- paper standard system: coins vs currency- RBI vs Government- who prints what?
Fiat money: meaning, examples and limitations 11.
Bank money- meaning, examples, benefits Powerpoint available at Exam-Utility: UPSC CSAT, CDS, CAPF, Bank, RBI, IBPS, SSC and other competitive exams, IIM, XLRI, MBA interviews and GDPI Venue: What are slot machines Patel Institute of Public Administration SPIPASatellite, Ahmedabad, Gujarat,India.

Four functions of money

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Here are some of the most commonly used functions and their graphs: linear, square, cube, square root, absolute, floor, ceiling, reciprocal and more.


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