Characteristics of Good Money
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.
8. Uniformity - It means that All version of the same denomination of currency must have the same purchasing power so that very denomination must be in uniform..
= Characteristics of a Good Questionnaire =
attributes/characteristics/features of money: -Must be durable -acceptable -portable -divisible -homogeneous -identifiable -retaining value, so has to be scarce
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Characteristics of Good Money=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=
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Virginia made money by selling Tobacco.Tobacco was used as money. They used slaves to do the harvesting. However, it was risky to do this.You can make a good profit selling Tobacco. - xd001lugia --------------------------------------------------------------------------------------------------------
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