augustineantwi2004 augustineantwi2004

23-05-2024
Business

Answered

to gen
(a) What is money?
(b) Explain its characteristics.

Answer :

GinnyAnswer GinnyAnswer

23-05-2024

Final answer:

Money is any object accepted for transactions, serving various functions such as a medium of exchange and a store of value, possessing key characteristics like durability and portability.

Explanation:

Money is any object generally accepted as payment for goods and services and the repayment of debt. It serves as a medium of exchange, a measure of value, and a store of value. The characteristics of money include durability, divisibility, portability, and acceptability.

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