Characteristics of money

• Money should be durable and should not degrade overtime
• Money should be divisible as it should be possible to divide money into fairly small units of account
• Money should be small enough to be easily transported
• Why should money be small enough?

  so its easily transported
• Money should be non-counterfeit as it must not be able to be copied as it would lose value
• What would happen to money if it was copied?

  it would lose value
• Money should be universally accepted