1. Durability: Money must not be easily breakable or perishable.
  2. Acceptability: Money must be generally accepted by members of communities for payments of goods/services and settlement of debts.
  3. Divisibility: Money must be capable of being divided into smaller units of denominations
  4. Homogeneity: Money must have the same value, shape, and equality nationwide.
  5. Portability: Money must be easily carried.
  6. Scarcity: Money must be relatively scarce to have value.
  7. Stability: Money must not be subject to constant fluctuations to avoid loss of confidence by the people.

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