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Durability: money needs to be durable to withstand the frequent movement from one hand to another as a medium of exchange
Acceptability: money must be acceptable by those engaging in transactions otherwise it will fail as a medium of exchange
Divisibility: money should be divisible to facilitate effective exchange since different goods and services fetch different prices
Portability: money should not be cumbersome to carry
Liquidity: money should be easy to carry out transactions using it
Dana05 answered the question on August 14, 2019 at 07:13
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