ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Money should be easy to carry and divide so that a worthwhile quantity can be carried on one’s person or transported.

Detailed explanation-2: -Portability: Money must be easily moved around. Large or bulky items, such as boulders or heavy gold bars, cannot be transported easily from place to place. Divisibility: Money must be capable of being divided into smaller parts. Divisible forms of money help make transactions of all sizes and amounts possible.

Detailed explanation-3: -Portability. Money needs to be small enough so it can be conveniently carried in clothes, pockets, or purses. Divisibility. Money must be made in various units.

Detailed explanation-4: -The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

Detailed explanation-5: -in fact, a variety of items have been used as money over the centuries. The items that worked the best tended to have four basic characteristics: portability, divisibility, durability, and acceptability.