Question

State any three characteristics of money.

Answer 1

The characteristics of money are:

1. Portable: It is easy to carry money along with us anytime and is convenient to use it.

2. Divisible: One of the most important characteristic of money is that is can be divided into smaller denominations such as one rupee, two rupee, five rupee, ten rupee, fifty rupees, etc.

3. Hard to counterfeit: It means that it is difficult to fake or copy the money or currency of a country.