Characteristics of Money

  1) DURABILITY:- Money needs to be long lasting.

2) PORTABILITY:- Money should be easy to carry around, convenient and easy to use.

3) DIVISIBILITY:- Money should be easily broken down into smaller denominations.

4) HARD TO COUNTERFEIT:- Money shouldn't be easily faked or copied.

5) GENERAL ACCEPTABILITY:- Money should be generally accepted by a population.

6) VALUABLE:- Money should be one which generally hold value over time.