Money serves as a medium of exchange for goods and allows comparisons of different values. There are key features that define money, such as durability, portability, divisibility, and government endorsement. Different types of money also exist based on these characteristics, such as cash, coins, checks, debit cards, and cryptocurrency. This topic taught that money must possess certain qualities and come in various forms to properly function as a store of value and means of payment.
Money serves as a medium of exchange for goods and allows comparisons of different values. There are key features that define money, such as durability, portability, divisibility, and government endorsement. Different types of money also exist based on these characteristics, such as cash, coins, checks, debit cards, and cryptocurrency. This topic taught that money must possess certain qualities and come in various forms to properly function as a store of value and means of payment.
Money serves as a medium of exchange for goods and allows comparisons of different values. There are key features that define money, such as durability, portability, divisibility, and government endorsement. Different types of money also exist based on these characteristics, such as cash, coins, checks, debit cards, and cryptocurrency. This topic taught that money must possess certain qualities and come in various forms to properly function as a store of value and means of payment.
Kindly create a reflection paper on what you have learned from the topic
"Features of a Good Money and Types of Money"
- I’ve learned from the topic of “Features of a good money and Types of Money” is that in my opinion in the past years Money is used to be in exchange goods, I didn’t know that money must have been a features or types to be called money. And now I know the different types and features of money like, Durable is not something that will last over time, and the portable is the way that will be easy to move in a different place, Divisible is the one that can be divided, Money allow us to compare the different types of value. Money has a value aside from being money, it is also represented something value, and money has a value because of the government. That’s what I’ve learned in this topic.
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