What are the characteristics of money?
There have been many forms of money in history, but some forms have worked better than others because they have characteristics that make them more useful. The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
What are the 5 main characteristics of money?
Terms in this set (5)
- Divisibility. The standard unit of money must be blank into smaller units to accommodate small/large purchases (pennies, nickels, dimes, quarters, etc.)
- Portability. Money must be small enough to be carried.
- Difficulty of Counterfeiting.
What are the 4 physical characteristics of money?
The four primary characteristics of money are: (1) durability, (2) divisibility, (3) transportability, and (4) noncounterfeitability.
What are the three main characteristics of money?
In order for something to be used for money, it must meet the following characteristics: Durability. Money should be able to stand up under constant use. Portability.
What are the 6 main characteristics of money?
Terms in this set (6)
- Durability. Durability.
- Portability. People need to be able to take money with them as they go about their business.
- Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.
- Limited Supply.
What are the characteristics of money class 12?
The following are the key characteristics of money:
- Uniformity and Fungibility.
- Limited supply.
What are the characteristics of money class 10?
Which characteristic of money is the most important and why?
Money as a medium of exchange is the most important characteristic of money, which will ensure its perpetual use.
What are the general physical properties of Group 1 elements?
General physical properties of Group 1 elements: Alkali metals are grey solids with shiny silvery surfaces when freshly cut. These surfaces turn dull when exposed to air. This is because alkali metals are very reactive.
What are Group 1 metals called?
Group 1 metals are called alkali metals. Alkali metals are abundant in minerals and sea water. Especially the content of sodium, Na, in the Earth’s crust is fourth after Al, Fe, and Ca.
What are the densities of Group 1 elements?
The densities of the Group 1 elements increase down the group (except for a downward fluctuation at potassium). This trend is shown in the figure below: The metals in this series are relatively light—lithium, sodium, and potassium are less dense than water (less than 1 g cm -3 ).
Why are Group 1 elements ionic?
With the exception of some lithium compounds, the Group 1 elements each form compounds that can be considered ionic. Each is so weakly electronegative that in a Group 1-halogen bond, we assume that the electron pair on a more electronegative atom is pulled so close to that atom that ions are formed.