Quick Answer: What Is Full Form Of Money?

What are the 7 characteristics of money?

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability..

What is money short answer?

Money is a medium of exchange; it allows people to obtain what they need to live. Bartering was one way that people exchanged goods for other goods before money was created. … Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government.

What is India’s full name?

India (Hindi: Bhārat), officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world.

What are the types of cash?

Types of cash include currency, funds in bank accounts, and non-risky financial instruments that are readily convertible to cash.

What is full form STD?

Sexually transmitted diseases (STDs) are infections that are passed from one person to another through sexual contact.

What is the best definition of money?

Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.

How Is money important?

Money enables us to provide things for our families and friends, enhancing their life through good education, the best healthcare, and supporting and achieving their goals and dreams. It can help us achieve life’s intangibles. With money, good can be done and suffering can be lessened or eliminated.

What is the full form BC?

Answered By: Elyse Wolf Anno Domini is Latin for “in the year of the Lord” referring to the birth of Jesus Christ. C.E., the abbreviation for “Common Era” is used to mark time in the same way. B.C. means “before Christ” and B.C.E. stands for “Before the Common Era”.

What is BC and DC?

“A.D.” stands for anno domini, Latin for “in the year of the lord,” and refers specifically to the birth of Jesus Christ. “B.C.” stands for “before Christ.” In English, it is common for “A.D.” to precede the year, so that the translation of “A.D.

What Money Means?

Rate it: MONEY. Many shall die for my sake, Only a few will have me, None shall be happy without me, Everyone loves me, Yet l am the root of all evil.

What are 2 types of money?

As members of the public, we only have access to two of them – physical money and commercial bank money.Physical money. Physical money, meaning cash and coins, is created by the US Treasury. … Central bank reserves. … Commercial bank money.

What is the full form of cash?

Community Accountancy Self Help. Business » Accounting. Rate it: CASH. Creating Assets, Savings, and Hope.

What is BC in terms of money?

Business Correspondent (BC) – An Introduction The Business Correspondent carries a mobile device and helps villagers in banking transactions. (Deposit money, take money out of savings account, loans etc.).

What are the 4 types of money?

In a Nutshell. The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money. Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order.

What year did BC start?

The 1st century BC, also known as the last century BC, started on the first day of 100 BC and ended on the last day of 1 BC. The AD/BC notation does not use a year zero; however, astronomical year numbering does use a zero, as well as a minus sign, so “2 BC” is equal to “year –1”. 1st century AD (Anno Domini) follows.