What Are The Attributes Of Money?


6 Answers

Frances Bott Profile
Frances Bott answered
Money has a number of attributes and they include:

• Acceptability
This is probably the most important of all of money's attributes. Money needs to be accepted by all members of a society as a valid form of exchange. Technically, anything can be used as money: If somebody wants a product or a service they could offer another product or service in return for it, but this is a barter system and not accepted by all members of the society.

• Durability
Money must be able to withstand the wear and tear of being passed through so many different hands without falling to pieces or disintegrating. Nowadays, money is in the shape of very durable paper, coins and as an electronic medium, which is completely safe from harm.

• Homogeneity
This means that all money with the same face value in a particular society has the same face value, and also the same monetary value. This may seem obvious: Of course all ten dollar bills are worth ten dollars, but in the days when people relied on gold and silver coins there could very often be different amounts of precious metals in the coin, so two coins may have looked alike, but were worth different amounts.

• Divisibility
Money has to be able to be divided into smaller units so that the real value of a product or service can be given. For example, if you wanted an apple but the only money available were hundred dollar bills, it would be a pretty expensive apple.

• Portability
Money has to be easy to carry otherwise it would be far too cumbersome and difficult to manage. The barter system may be good in some circumstances but on a day to day basis it is far too inconvenient.
Matilda Kunher Profile
Matilda Kunher answered

I believe in the magic of money. I believe that money can attract even more money, so money should be earned correctly. I have a large purse. A lot depends on the wallet. I think you know that. Now I work on the Internet. It's my job I like that I can be my own boss and earn as much money as I need. It's convenient. I travel a lot and consider myself a happy person.

Karl Sagan Profile
Karl Sagan answered

Money is a powerful tool in our world. We can do anything we want if we have enough money on it. I've been making money on this service for a few months and already done few things from my bucket list.

Chips Ters Profile
Chips Ters answered

Hello everyone, a dozen years ago, connoisseurs of gambling had the only alternative - land-based clubs, where no more than 10-15 machines were located. Modern online casinos can offer hundreds of different slots, dozens of card games and several roulette options. Currently provides an overview of many gaming platforms with a huge number of games.

Sergio Jemas Profile
Sergio Jemas answered

Yes you can open you own mini casino but for that you have to get the license from local government so first of all get the license and arrange capital and most important find an appropriate place for casino.

Sophie Carroll Profile
Sophie Carroll answered

Hello friends . If you want to really make good money on the Internet, then you just need to register on the slot machine site and start playing, for example, at Here is the best earnings, as here you can play for bitcoins, very fast payouts and adequate administration. I recommend this site to everyone. Good luck.

Answer Question