what are the main characteristics of traditional cash?
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The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability. These are all critical characteristics of money.
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Characteristics of a Traditional Economy Now that we know that a traditional economy is built upon traditions, customs, and beliefs, let's look at some other factors that contribute to this type of economy. Traditional economies are often based on one or a few of agriculture, hunting, fishing, and gathering.
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['1- Sharing the profits based on sharing the resources.', '2- Low risk because investment covered by actual assets.', '3- Fair and equity of deals.', '4-Dealing in present and owned assets.', '5- low cost on the customers since no interest on loan or delay in repayment.', '6-Stability and consistency in market.']
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Types of Money Market Accounts Both types of money market account share many characteristics, including: easy access to your money; invested in very safe holdings; higher rates of return than regular savings accounts; check-writing and money-transferring privileges; and minimum balance amounts are usually required.
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['Time Value of Money.', 'Simplicity.', 'Hurdle Rate / Required Rate of Return Is Not Required.', 'Required Rate of Return is a Rough Estimate.', 'Economies of Scale Ignored.', 'Impractical Implicit Assumption of Reinvestment Rate.']
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['It is more convenient than carrying cash around.', 'Payments can be stopped if necessary.', 'Cheques are safer if crossed.', 'One does not have to count notes and risk making counting mistakes.', 'A cheque can be drawn up anytime.']
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['Durability. Durability. ... ', 'Portability. People need to be able to take money with them as they go about their business.', 'Divisibility. To be useful, money must be easily divided into smaller denominations , or units of value.', 'Uniformity. ... ', 'Limited Supply. ... ', 'Acceptability.']
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['Income. Preservation of capital with a primary consideration on current income.', 'Balanced. ... ', 'Growth & Income. ... ', 'Long Term Growth with Safety. ... ', 'Long Term Growth with Greater Risk. ... ', 'Speculation.']
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['Cash or currency: The cash you physically have on hand.', 'Bank accounts: The money in your checking account or savings account.', 'Accounts receivable: The money owed to your business by your customers.', 'Mutual funds: A fund that pools money from many different investors into a diverse portfolio.']
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Answer and Explanation: Cash is the most liquid form of money. Ideally, the fact that cash can easily be converted to assets is the reason behind its liquidity. M1 is a form...
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The most important feature of fiat money is the stability of its value, unlike commodity-based money like gold, copper, and silver. The use of fiat money became popular in the 20th century as governments and banks moved in to protect their economies from the frequent busts of the business cycle.
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['It is a specialised financial institution. ... ', 'It provides medium and long term finance to business units.', 'Unlike commercial banks, it does not accept deposits from the public.', 'It is not just a term-lending institution. ... ', 'It is essentially a development-oriented bank.']
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['Traditional economies are often based on one or a few of agriculture, hunting, fishing, and gathering.', 'Barter and trade is often used in place of money.', 'There is rarely a surplus produced. ... ', 'Often, people in a traditional economy live in families or tribes.']
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[' The amount required. ... ', ' Type of expenditure/Purpose for which the capital is required. ... ', ' The length of time for which the money is required. ... ', ' The size, status and ability of the business to borrow. ... ', " The business's current level of gearing. ... ", " The business's level of reserves and profits. ... ", ' The cost of the source of finance.']
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['securities, which represent ownership right (cash market),', 'debt securities (cash market),', 'futures and options (derivatives market),', 'commodities (cash and derivatives market).']
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Functions of Money Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
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['cash, hard cash, ready money.', 'the means, the wherewithal, funds, capital, finances, lucre, filthy lucre.', 'banknotes, notes, paper money, coins, change, coin, coinage, silver, copper, currency, legal tender.', 'British sterling.', 'North American bills.', 'North American, Australian roll.']