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Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
Edition 12ISBN: 978-0321339195 Exercise 2
What are the most important characteristics of a good medium of exchange
Explanation
Verified
Verified
The most important characteristics of a medium of exchange are following:
Stability in purchasing power
Widely acceptable
Divisibility
Low cost of storage
Stability in purchasing power
Widely acceptable
Divisibility
Low cost of storage
Principles of Money, Banking & Financial Markets 12th Edition by Lawrence Ritter,William Silber,Gregory Udell
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