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Describe four characteristics of money

Describe four characteristics of money

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Isaac
Acceptability:items used must be accepted by all the act as medium of exchange.
Scarcity:money should be limited in supply to maintain its value
Durability-money should be long lasting without wasting out to be used for long period
Divisibility-money should be divided into small units without losing its value to be used for small payments
isaacmuthini answered the question on October 11, 2017 at 11:53

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