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Financial Institution - Coggle Diagram

- - - - Unit of account
        
        Money acts as a unit of account, allowing us to compare and state the worth of different goods and services.
      - Medium of exchange
        
        Money is a medium of exchange, because is generally accepted in exchange of goods & services.
      - Store of Value
        
        Money is a store of value. It holds its value for a long time, allowing us to save it for future purposes.
      - Means of deferred payment
        
        Money is a means of deferred payment. Deferred payments are purchases on credit – where the consumer can pay later for the goods or service they buy.
    - - Durability
        
        Durability. Notes & coins must be strong and durable, so they can fulfill their function as a store of value.
      - Acceptability
        
        Acceptability. Anything can be used as money as long as everyone accepts it as a valid form of payment.
      - Portability
        
        Portability. Notes & coins are light and small so they are easy to carry around.
      - Divisibility
        
        Divisibility. The ability of dividing money into smaller values. This is why we have notes and coins with different face value.
      - Scaricity
        
        Scarcity. In order to keep its value, money must be limited in supply.
    - - Near Money
      - Money
- - - - forex
      - loans
      - buy and sharing shares
      - deposit and savings account
      - providing insurance