ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -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-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 means that you have control over your supports and the money used to pay for the services you receive. That money is “portable.” You can use your funds to purchase services from any qualified provider you choose, or you may use those funds to hire your own staff.

Detailed explanation-4: -There have been many forms of money in history, but some forms have worked better than others because they have characteristics that make them more useful. 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.