ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Durability: If money stays the same in terms of shape and substance over time, it is said to be durable. This means that it does not easily change form and can be used for a long period of time.

Detailed explanation-2: -Durability is the ability of a good to retain its original state overtime. In order to be considered durable, a good must be difficult to damage or alter. Durability is a necessary property of money because the money must be able to sustain its value over time.

Detailed explanation-3: -The fact that coins can last a long time in circulation shows which characteristic of money? Money is durable.

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.