ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A commodity fit to be used as money must be such that it can be easily and economically transported from one place to the other. In other words, it must possess high value in small bulk. Precious metals possess this quality.

Detailed explanation-2: -Portability is the ability of a good to be transported easily across space. Portability is an important feature of sound money; in order for a money to be widely adopted, and therefore usable, it must be able to move across borders, between individuals, and over long distances with relative ease.

Detailed explanation-3: -Portability. While the cow is difficult to transport to the store, the currency can be easily put in my pocket. Divisibility. A 20-dollar bill can be exchanged for other denominations, say a 10, a 5, four 1s, and 4 quarters.

Detailed explanation-4: -Portability is a characteristic attributed to a computer program if it can be used in an operating systems other than the one in which it was created without requiring major rework. Porting is the task of doing any work necessary to make the computer program run in the new environment.

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.