Get premium membership and access questions with answers, video lessons as well as revision papers.

Define the term currency and give any five important characteristics of currency

      

Define the term currency and give any five important characteristics of currency.

  

Answers


Dana
Currency is a medium of exchange accepted by a community or a measure of the value of a good or service
Five important characteristics of currency are:
Currency should be accepted by a community
Currency should be stable and retain a steady value without depreciating often
Currency should be durable and of quality to be kept for a long time
Currency should be divisible into smaller quantities
Currency should be convertible into other currencies

Dana05 answered the question on May 23, 2019 at 09:20


Next: In an experiment, soap solution was added to three separate samples of water. The table below shows the volumes of soap solution required to form...
Previous: Highlight advantages and disadvantages of currency trade as one of the main methods of trade

View More History and Government Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions