You need to log-in or subscribe in order to use Student access.

3.1 Key terms

Unit 3.1 Key termsAcceptability as a characteristic of money means it is widely recognised and well received in a community as a method of payment for goods and services.Bank deposits refers to money kept at commercial banks.Bartering is the process of exchange through swapping good and services in exchange for others by bargaining and negotiating. This happens in the absence of money as a medium of exchange.

To access the entire contents of this site, you need to log in or subscribe to it.

Alternatively, you can request a one month free trial.