Money and Banking

Bird
Flashcards by Bird, updated more than 1 year ago
Bird
Created by Bird almost 7 years ago
70
1

Description

Business Flashcards on Money and Banking, created by Bird on 07/12/2014.

Resource summary

Question Answer
Barter trade The exchange of goods and services for other goods and services.
Money Anything accepted as a medium of exchange.
Characteristics of money 1. Acceptability 2.Divisibility 3.Portability 4.Durability 5.Stability in value 6. Homogenity 7. Cognisability 8. Malleability
Demand for money The tendency or desire by an individual or general public to hold onto money instead of spending it.
Transaction motive A situation where one holds onto money with a motive of meeting daily expenses such as buying food, paying for transport cost and entertainment.
Precautionary motive Where people hold onto money to meet expenses that may occur unexpectedley such as sickness, accidents or loss of property.
Speculative motive Money held to be used in the future especially when people anticipate that the prices of goods and services will be lower than they are presently.
Show full summary Hide full summary

Similar

Intangible assets (IA)
meyer cohn
PPE summary
meyer cohn
Commercial Banks
nkeely14
Forms of Business Ownership Quiz
Noah Swanson
Unit 3 Business Studies
Lauren Thrower
Contract Law
sherhui94
AQA Business Unit 1
lauren_binney
What is Marketing?
Stephanie Natasha
Digital Marketing Strategy - The Essentials
Micheal Heffernan
Profit and Loss Accounts
Stuart Smith
Business Studies - AQA - GCSE - Business Studies Key Terms
Josh Anderson