Characteristics of Money

Question 0

Means that individuals are able to carry money with them and transfer it easily to other individuals

Answer 0

Portability

Question 1

The item must be able to exist for a long time without deterioration

Answer 1

Durability

Question 2

Means that the money can be divided into smaller units of value

Answer 2

Divisibility

Question 3

All versions of the same denomination of currency must have the purchasing power.

Answer 3

Uniformity

Question 4

Means that restrictions on the amount of money in circulation ensure that values remain relatively constant for the currency.

Answer 4

Limited Supply

Question 5

Everyone must be able to use the money for transactions.

Answer 5

Acceptability