Question

State two qualities of a good monetary unit.

Answer 1

The two qualities of a good monetary unit are:

1:General acceptance: The very first quality of good money is acceptability; it should be acceptable to all, without any hesitation in the exchange for goods and services.

2:Portable: It should be easily transferable from one place to another place or from one people to another, for doing business and making payment. The paper money is easier to carry because it has minimum possible wait than metallic money.