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Give two characteristics of money. - Economic Applications

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प्रश्न

Give two characteristics of money.

State two characteristics of money.

थोडक्यात उत्तर

उत्तर

Two characteristics of money are:

  1. General Acceptability: Money is commonly/generally accepted a medium of exchange.
  2. Liquidity: Money is the most liquid asset, i.e, it can be easily converted into any commodity or asset.
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