Characteristics of Money
- Created by: laurajohnson99
- Created on: 30-05-14 19:49
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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
- Durability
- Money has to be light and small so it's easy to carry it around with you
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