any printed matter
federal reserve note
Key Characteristics of Money
Durability i.e. it needs to last
Portable i.e. easy to carry around, convenient, easy to use
Divisible i.e. it can be broken down into smaller denominations
Hard to counterfeit - i.e. it can’t easily be faked or copied
Must be generally accepted by a population
Valuable – generally holds value over time
Medium of exchange.
Store of value.
Unit of account.
a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.