Question

what is money ? characteristics of money

Answer 1

Medium of exchange: money allows goods and services to be traded without the need for a barter system. Barter systems rely on there being a double coincidence of wants between the two people involved in an exchangeStore of value: this can refer to any asset whose “value” can be used now or used in the future i.e. its value can be retrieved at a later date. This means that people can save now to fund spending at a later date.Unit of account: this refers to anything that allows the value of something to be expressed in an understandable way, and in a way that allows the value of items to be compared.Standard of deferred payment: this refers to the expressing of the value of a debt i.e. if people borrow today, then they can pay back their loan in the future in a way that is acceptable to the person who made the loan.

Answer 2

Money has taken many forms through the ages: shells, wheels, beads and even cows. 
The characteristics of money are
durability,
portability,
divisibility,
uniformity,
limited supply,
and acceptability.