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Characteristics of money?


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Answered 2009-08-19 10:27:18

General Acceptability - it should be generally accepted by everyone. Divisible - this is important so that the goods in smaller quantities could be purchased. Transportability - credit money issued by banks, central bank or by government has a quality of transportability. Durability - coins and paper currency are good money because they are durable. Standardizability - good money is one whose all units are alike with respect to their soze, quality and design.

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