write the merits of a good material money
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What are the qualities of good money material?
General Acceptability: The material of which money is made should be acceptable to all without any hesitation. ...
Portability: Money should be easily carried or transferred from one place to another. ...
Durability: ...
Divisibility: ...
Homogeneity: ...
Cognisability: ...
Stability: ...
Malleability:
General Acceptability: The material of which money is made should be acceptable to all without any hesitation. ...
Portability: Money should be easily carried or transferred from one place to another. ...
Durability: ...
Divisibility: ...
Homogeneity: ...
Cognisability: ...
Stability: ...
Malleability:
Answered by
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The merits of a good material money are:
- A specific money commodity should have utility, portability, durability, divisibility, homogeneity.
- A good money is currency which is believed to have great Instrinsic value than it's face value.
- Money performs different types of primary, secondary contingent functions.
- In order to perform these functions it must possess qualities.
- General acceptability is another advantage of good material money.
- Important quality of money is its acceptance.
- Good money requires acceptance without any hesitation.
- Other pro's are durability, cognizability and stability.
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