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Money is a medium of exchange or anything accepted as payment for goods and services and repayment of debts within an economic system.

What are the characteristics of money?

For anything to be recognized as money, it must possess the following characteristics:

  • Durability
  • Portability
  • Divisibility
  • Uniformity
  • Limited supply
  • Acceptability.

Thus, you can use money as a:

  • Medium of exchange
  • Store of value
  • Unit of account
  • Basis for credit
  • Standard of deferred payment.

Learn more about uses of money at https://brainly.com/question/25959268

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