284x Filetype PPTX File size 0.82 MB Source: public.wsu.edu
Money and Finance
Money
–Any object which serves as a medium
of exchange, a store of value, and a
unit of account.
–Anything that people generally accept
as payment for goods and services.
Characteristics of a Good Money System
Divisible
Portable
Durable
Hard to counterfeit
Stable in value
Lifespan of Money
Money and Finance
Finance
The function in a business that acquires funds
for the firm and manages funds within the firm.
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