SS1: ECONOMICS - 3RD TERM
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Mining3 Topics|1 Quiz
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Financial Institutions I7 Topics|1 Quiz
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Financial Institutions II5 Topics|1 Quiz
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Financial Institutions III5 Topics|1 Quiz
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Business Organisation3 Topics
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Money5 Topics|1 Quiz
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Channels of Distribution I5 Topics|1 Quiz
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Channels of Distribution II6 Topics|1 Quiz
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Ways of Improving the System of Distribution of Consumer Goods in West Africa
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Why There Are Relatively Fewer Manufacturing Activities in Africa Compared with Advanced Countries
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The Role of Co-operative Societies in Distribution of Goods
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The Role of Government Agencies in Product Distribution in Nigeria
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Problems of Distributive Trade
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Some Reasons that May Warrant the Termination of the Middleman in the Channel of Distribution
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Business Finance7 Topics|1 Quiz
Functions | Characteristics of Money
Topic Content:
- Functions of Money
- Characteristics of Money
Functions of Money:
1. Medium of Exchange: This is the primary function of money, a means of payment for goods and services as well as settlement of debt.
2. Measurement of Value and Unit of Account: It helps in putting prices or values to goods and services, and also helps in keeping financial records of all business transactions. The real value of money is what it can buy at a particular time.
3. Store of Value: This makes the
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