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Money has many characteristics but I think the most important one would be common acceptability.
The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments. Money has many characteristics but I think the most important one would be common acceptability.
The functions of money are common medium of exchange, store of wealth, measure of value/wealth, means of differed payments.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agodurability, portability, divisibility, uniformafy, limited supply, acceptability
Wiki User
∙ 12y agoCurrency, durability, portability, divisibility, uniformity, limited supply, acceptability.
Wiki User
∙ 14y ago1) Money has intrinsic value.
2) Money is relatively scarce.
3) Money is relatively durable.
4) Money is easily divisable.
Wiki User
∙ 11y agoit should be easily recognised.
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