Characteristics of Money

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  • Characteristics of money
    • Durability
      • Money has to be able to last - you can't use flowers as a kind of money as they lose their value after a week
    • Acceptability
      • Money has to be widely accepted around the world for it to be usuable
    • Divisibility
      • Money has to come in different forms (e.g. notes, coins)
    • Scarcity
      • It has to be rare so the value doesn't run out
    • Portability
      • Money has to be light and small so it's easy to carry it around with you
  • Money has to be light and small so it's easy to carry it around with you

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