Professional Documents
Culture Documents
Characteristics of Money
Characteristics of Money
Of Money
Store of Value
• Divisibility. Money must be made in various units. You should be able to make change. By
having various units of money, goods of various value can be paid for, and change for larger units of
money can be made. Barter, on the other hand, requires goods that are traded to be of equal value.
• Uniformity. Every bill and coin of the same value needs to look the same. Money must be
uniform in that one $20.00 bill and another $20.00 bill must be able to buy the same thing.
• Acceptable. Money needs to be easily recognizable. Everyone knows what a dollar bill, a ten
dollar bill, or a quarter looks like. We should also be able to recognize genuine money from
counterfeit.
Directions: Read each of the following phrases below, than tell which
Characteristics they fall under.
8) "Don't let the money burn a hole in your pocket" - Author unknown
9) " A fool and his money are soon parted" - Thomas Tusser
10) "He who buys what he does not need steals from himself" - Author unknown
12) "The Safe way to double your money is to fold it over once and put it in your
pocket" - Frank Hubbard
Directions: Some characteristics of money are listed down the left-hand column in the table below.
Listed across the top are different items that have been used as money in the past. Rate each item
on a scale of 1 to 3 for each characteristic. A rating of 1 means the item performs that function
poorly, and a rating of 3 means the item performs that function very well.