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Ten characteristics of money​

User BulBul
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1 Answer

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Answer:

1) Money is PORTABLE.

2) Money is DURABLE.

3) Money has VALUE.

4) Money can be divided, meaning it has DIVISIBILITY.

5) It has a LIMITED SUPPLY.

6) It has UNIFORMITY.

7) It is easily RECOGNISABLE.

8) It is a MEDIUM OF EXCHANGE.

9) It is easily ACCEPTABLE.

10) It has different CURRENCY in different places.

Step-by-step explanation:

Limited supply- It is only available in limited quantities.

Uniformity- The same type of money looks alike, e.g. 5 naira and 5 naira, 1 dollar and the same 1 dollar.

Medium of exchange- It is used to buy things.

User Hulk
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