The six characteristics of money are durability, portability, acceptability, limited supply, divisibility and uniformity. Money acts as a unit of account, a medium of exchange and a store of value.Know More
Durability means that dollar bills or coins are easily replaceable should they become damaged. Portability means that money can easily be transported from one location to the next. Acceptability means that money is commonly accepted as a value exchange mechanism. Limited supply ensures that money holds its value. Divisibility implies that money can be broken down into smaller values. Uniformity establishes a standard for the look of various denominations.
Historically, cows have been used as a monetary exchange mechanism. However, they do not possess the six characteristics of money.Learn more about Coins & Currency
A 1945 Canadian nickel will vary in value based on its condition, scarcity, supply and demand, errors and varieties, but the average price range in 2014 was from $.13 to $1,900. Canadian coins are set on a grading scale that helps determine how much the coins are worth.Full Answer >
To determine the value of silver coins, consider the coin's grade, the supply of the coin in that specific grade, the surviving population of that particular coin and the demand for that coin. The price may also be influenced by the spot price of silver at the time.Full Answer >
The phylum mollusca is characterized more by diversity than uniformity, though modern molluscs do all tend to share certain features, including the presence of a radula (a tonguelike ribbon of teeth), the structure of the nervous system and the presence of the mantle, which contains the animal's internal organs. Other than these few common characteristics, molluscs can be widely different and, according to the University of California, Berkeley, the phylum mollusca is one of the most diverse phylums known to man. Even the radula is not a completely uniform characteristic; though most members of the phylum mollusca have one, the bivalvia class does not.Full Answer >
The value of old Chinese money hinges on whether or not it is current legal tender. A bank that handles foreign currency can provide a direct exchange if the money is legal tender.Full Answer >