What are the charicteristics of money?

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2026-07-12 03:35

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The characteristics of money include durability, portability, divisibility, uniformity, limited supply, and acceptability. Durability means that money must withstand physical wear and tear. Portability allows it to be easily carried and transferred. Divisibility ensures it can be broken down into smaller units for various transactions, while uniformity guarantees that each unit is the same as others, facilitating trade. Finally, limited supply ensures that money retains its value, and acceptability means it is recognized and trusted by people for transactions.

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