Define the term currency and give any five important characteristics of currency

      

Define the term currency and give any five important characteristics of currency.

  

Answers


Dana
Currency is a medium of exchange accepted by a community or a measure of the value of a good or service
Five important characteristics of currency are:
Currency should be accepted by a community
Currency should be stable and retain a steady value without depreciating often
Currency should be durable and of quality to be kept for a long time
Currency should be divisible into smaller quantities
Currency should be convertible into other currencies

Dana05 answered the question on May 23, 2019 at 09:20


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