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Explain how unity is a characteristic of good money?

Updated: 8/19/2019
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11y ago

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1. Acceptability - Everyone must accept it to purchase goods and services

2. Durability - It should last a long time

3. Portability - Easy to carry around

4. Scarcity - Scarce enough to be valuable, not common such as sand or pebbles on a beach

5. Divisibility - Can be divided into small units
There are more as well, these are the basic

6. Cognizability
money should be easy to recognize

7. Malleability - money should be Malleable so that it could be made into new money.

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