BANKING AFFAIRS

Detailed explanation-1: -Durability. Objects used as money must withstand physical wear and tear. People need to be able to take money with them as they go about their business. To be useful, money must be easily divided into smaller denominations, or units of value.

Detailed explanation-2: -The fact that money must withstand the wear and tear that comes from being used over and over again is a measure of its c. durability.

Detailed explanation-3: -Durability: Objects used as money must withstand the physical wear and tear that comes with being used over and over again.

Detailed explanation-4: -Durability is a necessary property of money because the money must be able to sustain its value over time. For this reason, beans, shells, livestock, or other objects previously used as money did not succeed overtime because they were not durable.

Detailed explanation-5: -Durability: Any item used as money must be durable. A perishable item such as a banana becomes useless as money when it spoils. Even early societies used durable forms of money, such as metal coins and paper money, which lasted for a long time. Portability: Money must be easily moved around.