What is the purpose of money? what are its characteristics?
Answers
Answer:
There have been many forms of money in history, but some forms have worked better than others because they have characteristics that make them more useful. The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability
Answer:
What is the purpose of money?
Ans- Money's main purpose is to allows people to obtain what they need to live. Bartering was one way that people exchanged goods for other goods before money was created. Like gold and other precious metals, money has worth because for most people it represents something valuable.
What are its characteristics?
Ans- The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
Hope it helps you.