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MONEY AND BANKING (pg 128) - Coggle Diagram
MONEY AND BANKING (pg 128)
Functions
store of value
standard of payments
unit of account
medium of exchange
Forms
coins
cards
banknotes
cheques
CHARACTERISTICS
durable
homogenous
divisible
portable
recognizable
generally accepted
limited in supply
not perishable
COMMERCIAL BANKS
CENTRAL BANKS