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What are the 4 characteristics of money?

In general, there are four main characteristics that money should fulfill: durability, divisibility, transportability, and inability to counterfeit.

study.com - The Functions and Characteristics of Money - Video & Lesson Transcript

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Functions of Money

We, as consumers, use money so often that we rarely stop to think much about it. We know that we must have it to pay for goods and services, but how many of us realize what the functions of money are? Well, let's take an opportunity to look deeper at money and its functions. For this lesson, we will concentrate on the functions of medium of exchange, unit of account, and the store of value. Medium of Exchange: What this means, is that we use money to purchase goods and services. Before the introduction of money, barter was the main process to obtain goods and services. For example, one may trade fur for a cow. However, now that we have money, we can use it as a medium of exchange to purchase those must-have shoes. We know that when we go into a store, that the store will accept our money as a form of payment because it is widely accepted as a medium of exchange. Unit of Account: When we go to purchase items, there is a standard for measuring the worth of those items. This is what we call a unit of account. Basically, if an item costs $200, we understand how much that is. If the item costs 200 seashells, then there may be confusion. Store of Value: What this means is we can put $25 in our piggy bank, and a month later, the value of the money will still be $25. Money is able to retain its value over time.

Characteristics

Now that we know what the functions of money are, it's time to take a look at its characteristics. In general, there are four main characteristics that money should fulfill: durability, divisibility, transportability, and inability to counterfeit. Let's take a closer look:

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Which word means huge immense?

Some common synonyms of immense are colossal, enormous, gigantic, huge, mammoth, and vast.

merriam-webster.com - 258 Synonyms & Antonyms of IMMENSE - Merriam-Webster

How is the word immense distinct from other similar adjectives? Some common synonyms of immense are colossal, enormous, gigantic, huge, mammoth, and vast. While all these words mean "exceedingly large," enormous and immense both suggest an exceeding of all ordinary bounds in size or amount or degree, but enormous often adds an implication of abnormality or monstrousness. an enormous expense an immense shopping mall When might colossal be a better fit than immense? Although the words colossal and immense have much in common, colossal applies especially to a human creation of stupendous or incredible dimensions. a colossal statue of Lincoln When can gigantic be used instead of immense? While in some cases nearly identical to immense, gigantic stresses the contrast with the size of others of the same kind. a gigantic sports stadium When is huge a more appropriate choice than immense? While the synonyms huge and immense are close in meaning, huge commonly suggests an immensity of bulk or amount. incurred a huge debt Where would mammoth be a reasonable alternative to immense? The words mammoth and immense can be used in similar contexts, but mammoth suggests both hugeness and ponderousness of bulk. a mammoth boulder

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