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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