{"id":5245,"date":"2019-02-14T08:35:32","date_gmt":"2019-02-14T03:05:32","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5245"},"modified":"2019-02-16T10:46:54","modified_gmt":"2019-02-16T05:16:54","slug":"money-2","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/money-2\/","title":{"rendered":"Money"},"content":{"rendered":"<ul>\n<li>Anything that is generally accepted as a medium of exchange can be considered as money.<\/li>\n<\/ul>\n<h3>\u00a0<span style=\"color: #000000;\">Characteristics of\u00a0Good money<\/span><\/h3>\n<ul>\n<li>Acceptability<\/li>\n<li>Durability<\/li>\n<li>Uniformity<\/li>\n<li>Divisibility<\/li>\n<li>Portability<\/li>\n<li>Stability of value<\/li>\n<li>Discourages forgery<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Currency<\/span><\/h3>\n<ul>\n<li>Money which is legally accepted for transactions within the country is Currency.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Bank Money<\/span><\/h3>\n<ul>\n<li>Current accounts with commercial banks are Bank money.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Modern Money<\/span><\/h3>\n<ul>\n<li>Currencies and cheques are introduced as Modern money.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Near Money<\/span><\/h3>\n<ul>\n<li>Assets that can be converted to a medium of exchange easily are Near money.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Money Substitutes\u00a0<\/span><\/h3>\n<ul>\n<li>Money Substitutes act as a temporary medium of exchange but they do not comply with the function of money as a store of value.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Electronic Money<\/span><\/h3>\n<ul>\n<li>Electronic money is a method of transaction through software storing the value of physical money electronically.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Functions of Money<\/span><\/h3>\n<ul>\n<li>As a medium of exchange.<\/li>\n<li>As a store of value.<\/li>\n<li>As a unit of account.<\/li>\n<li>As a medium of deferred payment.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Internal value of Money\u00a0<\/span><\/h3>\n<ul>\n<li>The Internal value of money is the quantity of goods and services that can be purchased by a unit of money of that country.<\/li>\n<li>The Internal value of money is determined on the domestic price level.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">External value of Money\u00a0<\/span><\/h3>\n<ul>\n<li>The External value of money is the quantity of goods and services that can be purchased by a one unit of money of that country from another country.<\/li>\n<li>The External value of money is determined on the exchange rate.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Anything that is generally accepted as a medium of exchange can be considered as money. \u00a0Characteristics of\u00a0Good money Acceptability Durability Uniformity Divisibility Portability Stability of value Discourages forgery Currency Money which is legally accepted for transactions within the country is Currency. Bank Money Current accounts with commercial banks are Bank money. Modern Money Currencies and [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2691],"tags":[],"class_list":["post-5245","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-7-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/money-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"Anything that is generally accepted as a medium of exchange can be considered as money. \u00a0Characteristics of\u00a0Good money Acceptability Durability Uniformity Divisibility Portability Stability of value Discourages forgery Currency Money which is legally accepted for transactions within the country is Currency. 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