Properties of Money.....

 To fulfill its various functions, money must have certain properties

•     Fungibility: its individual units must be capable of mutual substitution (i.e., interchangeability).

•     Durability: able to withstand repeated use.

•     Divisibility: divisible to small units.

•     Portability: easily carried and transported.

•     Cognizability: its value must be easily identified.

•     Scarcity: its supply in circulation must be limited.