Money: meaning, characteristics and Functions

Overview

Explain the meaning of money Compare money economy with a barter economy; Identify the various types of money and explain the functions of money in a modern economy. Explain the characteristics of money.

Lesson details

Class: SS1
Subject: Economics
Theme: Money And Inflation/Deflation
Duration: 30:12

What you'll learn

Definition of money, Historical development of money, functions of money, types (including credits cards, value card, other ICT aided payment instruments).
Characteristics of money, qualities of a good money

Other lessons

Measures of Central Tendency: Basic tools of Economic Analysis SS1 · Economics
Meaning of Economics and related concepts SS1 · Economics
Concept of Demand and Supply SS1 · Economics
Business Organizations SS1 · Economics

Money: meaning, characteristics and Functions

Quick Links

Need some help?