DURABILITY – Money must not be easily breakable or perishable
ACCEPTABILITY – Money must be generally accepted by members of communities for payment of goods/services and settlement of debts.
DIVISIBILITY – Money must be capable of being divided into smaller units of denominations.
HOMOGENEITY – Money must have the same value, shape and equality etc. nationwide.
PORTABILITY – Money must be easily carried.
SCARCITY – Money must be relatively scarce to have value.
Stability – Money must not be subjected to constant fluctuations to avoid loss of confidence by the people.
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