money + exchange

Question 1

what is the need for money?

Answer 1

mechanism for trade

Question 2

characteristics

Answer 2

homogenous
durable
portable
maintains value over time
divisible

Question 3

functions

Answer 3

medium of exchange
store of value
unit of account
standard of deferred payment

Question 4

forms

Answer 4

cash
money in current accounts
near moneys
digital money - cryptocurrencies, digital wallets, prepaid cards