Question:
What are characteristics of currency?
See Also
Understanding Currencies | PIMCOForeign Exchange Rate: Meaning, Features & Types | Share India4.5.1 Types of Exchange Rate Systems | SL IB Economics Revision Notes 2022What are the top 10 most traded currencies in the world?Currency:
Money has three important functions: It needs to be able to store value, be a unit of account, and be a medium of exchange. This means that a currency that cannot perform any of these three function is not a viable currency. In evaluating a currency, there are six different characteristics that it needs to be measured against.
Answer and Explanation:
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The characteristics of a currency are durability, portability, divisibility, uniformity, limited supply, and acceptability. A good currency will have...
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