Question

Write four characteristics of money.

For 4 marks

Be clear in answering and Dont copy!!!!​

Answer 1

Hey mate ☺

MONEY: Money is what , what money does.

CHARACTERISTICS OF MONEY :

• Money has eliminated the problem of double coincidence of wants.

• Money acts as a medium of exchange.

• It is acceptable.

•The other characteristics of money are durability, portability, divisibility, uniformity, limited supply,etc.

Hope it helps you ☺✌✌

Answer 2

$\underline {\Huge \bold{Question :-}}$

Write four characteristics of money.

$\underline {\Huge \text{Answer :-}}$

$\bold {Money}$ is anything which is generally acceptable as a medium of exchange and also works as a measure and store of value.

$\underline {\mathfrak {Characteristics \:of\:money:-}}$

ⓐ Money must have general acceptability as a medium of exchange. Without this property, money could not be converted into goods and services in accordance with the need of its holder.

ⓑ Money must have liquidity. Liquidity meansthe direct and immediate conversion of money into goods and services in accordance with the need of its holder.

ⓒ Money must have cognizability. Money must be easily recognisable or transactions will be naturally problematic.

ⓓ Money must have durability. Money must not be perishable, otherwise it will be difficult is to earn money and as a result, it will lack store of value.

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$\underline {\Huge \bold \pink{Thanks!}}$